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Serbia Pledges to Cut Budget Deficit

Belgrade has acted to restore IMF confidence by adopting a draft budget review and a package of anti-crisis measures.Serbia’s Socialist-led government has adopted a 2012 draft budget review and 12 laws regulating public finance, designed to avert financial collapse. The measures aim to reduce Serbia’s consolidated budget deficit from 7.1 …

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Bosnia Entities Trim Budgets to Ease IMF Loan

The parliaments of Bosnia’s two entities, the Federation of Bosnia and Herzegovina and Republika Srpska, have rebalanced their budgets as a condition for a new stand-by arrangement with the IMF.After the House of Representatives in the Federation entity supported the entity government’s rebalanced 2012 budget on Thursday, Bosnia is awaiting …

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