Economic Trouble Looms over Serbia | Beta Briefing

Economic Trouble Looms over Serbia

Source: Beta
Analysis / Analysis | 18.11.20 | access_time 16:32

Fiscal Council (BETAPHOTO/MILAN OBRADOVIC)

 

Budget Deficit Hits a Record High, Salaries to Go up

Serbia’s budget deficit is expected to hit a record EUR4 billion, but it has not prevented the authorities from promising a pay raise in the public sector next year, along with a one-off payment to pensioners. The country’s new cabinet is preparing a 2021 budget based on optimistic expectations of new growth, even though no one can say how the pandemic will evolve, or how its consequences can be alleviated.

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