Finance Minister: Serbia Prepared for a Worse Global Scenario, Too | Beta Briefing

Finance Minister: Serbia Prepared for a Worse Global Scenario, Too

Source: Beta
Archive / News | 06.05.20 | access_time 18:38

Sinisa Mali

Serbian Finance Minister Sinisa Mali said on May 6 that national finances were stable, and that the country was meeting all its obligations at home and abroad, having prepared a response to even a worse global crisis scenario than predicted as a consequence of the coronavirus pandemic.

Mali said at a press conference that he was optimistic, expecting Serbia to report a growing GDP rate this year, instead of a decrease in the economy's GDP.

"Our projection is always far more conservative than our expectations. We have re-launched the national economy sooner than we expected, and we can hope for better results," Mali said, adding that the public debt, too, was under control, his forecast being 58.4 percent of GDP by the end of the year.

Minister Mali also promised state support to the national airliner Air Serbia, in which the United Arab Emirates' Etihad owns a minority share, underlining that the scope and structure of assistance hadn't been determined yet.

The minister also said that as of May 7 a state-financed minimum salary would be paid out to 1,055 million workers in 232,000 enterprises that had requested that type of assistance.

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