emg home
Tender to sell 51% stake in Telekom Srbija announced Positive growth of Veliki Majdan mine near Ljubovija Jolie now allowed to film in Bosnia Greek consulates tighten security following threat Rose-Roth seminar on topic "Southeastern Europe: Creating New Momentum" All-Russia Internet conference to open in St Petersbur Stavreski: Belgrade conference, good opportunity to compare Macedonia's results with other countries Greek PM presented five targets against unemployment University of Zadar introduces diplomacy studies Bulgaria ranks third in global broadband quality ranking Some 18% of Croatians threatened by poverty Western Balkans regional competitiveness initiative roundtable meeting Alsat: No charges against Rezart Taci Albania: Visa lifting, Fajon to visit Tirana on Saturday Gymnich model for Kosovo as CEFTA chair Shpend Maxhuni, director of Kosovo Police Vala antenna blown up in Jarinje PDK wants elections in December,foreign diplomats agree Germany returns to Serbia Holy Cross of Monastery Zica Agreement reached with a high-level Chinese delegation Cvetkovic, Tadic, Macedonian President to meet Deniau honored to be Ambassador of France to Serbia Tadic: Serbia must not stop Jeremic and Nalbandian discuss cooperation, Kosovo and N. Karabakh Belgrade WWII Liberation Day to be marked Cvetkovic, Markovic to visit PTT telecommunication centre International expert symposium "Regenerative Medicine – European tendencies" Djelic to visit Strasbourg Dacic: Publicity of police work key for public trust Djelic: Stricter control of Serbian travellers to EU Cvetkovic: More funds for poor citizens, local government, police Dinkic: Employment increase through new economic growth model Search for compromise solution for Serbia's candidacy Sutanovac: Norway supports Belgrade, Pristina talks Herman Van Rompuy starts his visit to the Western Balkans Russian Chief of Staff visits Serbia
RSS

Serbia, IMF sign Agreement worth EUR3 bln

27. March 2009. | 08:06

Source: Beta

The International Monetary Fund (IMF) mission and the Serbian government reached an agreement on a credit stand-by arrangement in the amount of around EUR3 billion, which will last until April 2011, it was announced on March 26.

The International Monetary Fund (IMF) mission and the Serbian government reached an agreement on a credit stand-by arrangement in the amount of around EUR3 billion, which will last until April 2011, it was announced on March 26.

As a precaution, the new stand-by agreement will replace the current credit arrangement, which was granted in January 2009, and envisaged a withdrawal of EUR402.5 million.

Minister of Finance Diana Dragutinovic said that the Serbian government's economic policy will be adjusted to the economic crisis through a budget rebalance, which will be based on a change of tax policy and a reduction in budget payments.

She stated that the government planned RSD60 billion worth of budget savings, and a RSD40 billion rise in revenues by means of a tax increase.

Dragutinovic announced that a six percent tax will be levied on all monthly income exceeding RSD12,000, such as wages, pensions, temporary service contracts, fees, dividend payments and other income.

The budget rebalance will freeze wages and pensions in 2009 at the level of Dec. 2008, whereas previously it was envisioned that the pay of budget users could rise at most to the level of inflation.

Share:

Del.icio.us
Digg
My Web
Facebook
Newsvine

Enter text:

<<

18. October - 24. October 2010.

>>