Serbia to ask IMF to boost deficit limit


The government plans to ask the IMF to increase the budget deficit envisioned in its agreement with the institution, due to the global economic crisis, Prime Minister Mirko Cvetkovic told Tanjug on Sunday (July 5th). When IMF representatives visit Belgrade next month, authorities will request that the limit be raised to 4.5% of GDP this year, instead of the currently stipulated 3%. In April, Serbia signed a $2.9 billion-loan agreement with the IMF and then received the first tranche of $1.1 billion in late May.

Check Also

Vucic will not sign anything in Ohrid, NATO pushes for progress

The President of Serbia, Aleksandër Vucic, stated on Thursday that he does not plan to …