Mali: Serbia to keep deficit below 3 pct, complete all projects by 2027

WASHINGTON - Serbian First Deputy PM and Finance Minister Sinisa Mali said Serbia would succeed in keeping its fiscal deficit below 3 pct over the course of a new three-year arrangement with the IMF and complete all planned projects.

Mali, who is attending the IMF/World Bank Group Annual Meetings in Washington, met with IMF Deputy Managing Director Bo Li, World Bank Vice President for Europe and Central Asia Antonella Bassani and the director of the IMF's European Department, Alfred Kammer.

Speaking to reporters after the meetings, Mali said Serbia would not only succeed in keeping the fiscal deficit below 3 pct but also continue to reduce the debt-to-GDP ratio and accomplish the goals under the Serbia 2027 programme.

"So a deficit of up to 3 pct is just the balance between the all-time-high investments we have and macroeconomic stability on the other hand....