SERBIA - New fiscal consolidation package deemed to be insufficient response towards fiscal crisis
SERBIA - New fiscal consolidation package deemed to be insufficient response towards fiscal crisis
Emerging Markets Special Focus Reports
19 Σεπτεμβρίου 2012
• The government response towards the fiscal deficit crisis is deemed as insufficient by the Fiscal Council and the IMF mission
• The government will seek to use a combination of financing options to finance this year’s budget including the Eurobonds market, domestic markets and a loan from Russia to finance this year’s budget
• The post election domestic economy landscape is deteriorating: the recession deepens, the current account deficit is widening, inflation trends significantly higher on food prices whilr the Dinar has recovered only modestly from historic lows
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