Serbia's Fiscal Council

BELGRADE - The total 2016 budget deficit could be half of the planned level - around 2 pct of GDP, Serbia's Fiscal Council said Monday, noting that fiscal trends in the first seven months of the year had been excellent.

BELGRADE - Member of Serbia's Fiscal Council Nikola Altiparmakov said in Belgrade Tuesday that to efficiently fight the informal economy, it was vital to strengthen the Tax Administration, and also expressed disagreement with some parts of the national strategy to combat the grey economy.
    

Serbia's public debt was reduced by about EUR 300 million in the first three months of this year.

This is according to preliminary data on general government debt at the end of March quoted by Serbia's Fiscal Council (FS) in its latest monthly report.

Serbia's Fiscal Council believes that the government should not loosen its restrictive fiscal policy too early.

Increasing economic growth and employment calls for making more efforts to improve the investment climate, this independent state body that reports to the National Assembly said.

Serbia's Fiscal Council said on Monday that the state's general budget deficit amounted to RSD 5.1 billion in May.

This is "somewhat lower than expected, and significantly better than in the same month of 2014 when the deficit was higher by RSD 18 billion," it was said.

Fiscal Council president does not expect growth in 2015

BELGRADE -- President of Serbia's Fiscal Council Pavle Petrovic has said that he does believe Serbia will experience economic growth this year.

Petrovic told the state broadcaster RTS on Sunday that there were still no indicators to suggest that economic growth could occur in 2015.

BELGRADE – President of Serbia's Fiscal Council Pavle Petrovic said Monday that a pension system reform should stand first in the forthcoming reforms in Serbia, adding that the issue is not being given too much thought at the moment.