Serb government one-time spending to reorganize state enterprises and prop up the commercial banking industry, as calculated by the International Monetary Fund, will boost the 2014 deficit to 7.1 percent of economic output.
Serbia’s government revealed a salvo of measures to bring the public finance deficit and debt back under control by 2017 after the head of the largest coalition party warned the country was on the brink of insolvency.
Serbia and its former province Kosovo settled differences over telecommunications and energy supply in the tense areas of Serb-populated northern Kosovo, European Union foreign policy chief Catherine Ashton said.
Serbian Prime Minister Ivica Dacic asked lawmakers to approve the former Yugoslav republic’s revamped cabinet tomorrow, pledging to stoke economic growth, create jobs and bring the nation closer to European Union entry.
Leaders of Serbia’s ruling coalition will continue discussions today whether the finance minister and his party will stay in the year-old government as part of Prime Minister Ivica Dacic’s cabinet shuffle.
Serbia’s government will hold talks with leaders of a majority-Serb area in northern Kosovo to implement a deal normalizing the country’s relationship with its former province, Prime Minister Ivica Dacic said.