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Post by radovic on Nov 15, 2007 14:51:37 GMT -5
This mean's Serbia at a ration of 80 dinars:euro has a budget surplus of 490 million euros. Hopefully our government chooses to pay down debt.
Cvetkoviæ: Budget surplus achieved
EM Online
Finance Minister Mirko Cvetkoviæ says that the first ten months of this year saw the Serbian budget achieve a surplus of some RSD 39.2bn.
The surplus came although a deficit of RSD 13.6mn was planned for this year. Cvetkoviæ told a news conference in Belgrade on Monday that increased public spending did not make pressure on higher inflation or have a restrictive effect on domestic demand.
The minister explained that the RSD39.2bn surplus contained some RSD 24bn which came from the third mobile operator license sale, while RSD 9bn originated from the paid old pension debt.
Compared to 2007, the planned budget deficit will be nominally 8.5 percent higher, at around RSD 14.8bn, the draft sent to the parliament states.
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Post by Novi Pazar on Nov 15, 2007 20:06:15 GMT -5
"This mean's Serbia at a ration of 80 dinars:euro has a budget surplus of 490 million euros. Hopefully our government chooses to pay down debt."
or invest into a trust fund?
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