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Radunović: Liabilities are serviced on a regular basis

Ministry of Finance is in constant communication with creditors and trustees concerning the new situation provoked by the coronavirus pandemic, said in the Parliament yesterday, Mr Darko Radunović, Minister of Finance.

He said that talks with the European Reconstruction and Development Bank, European Investment Bank and German Development Bank in relation to the provision of credit line for supporting economy were underway.

Minister added that talks were on with the representatives of the European Commission over approval of micro-financial help for countries in the enlargement process.

Mr Radunović said that re-programming or delaying liabilities were ultimate option.

Remaining debts towards creditors amount to €191,5 million.

Ministry of Finance is constantly analyzing economic situation in the country and on external stage. He said that decline in economic activities was imminent.

“All EU economies, without exception, will record significant decline rates. We expect GDP to fall by 6-9%. After initial projections of 4,9%, now the projections are over 6%”, Mr Radunović said.

Minister announced budget re-balance.

Speaking about public dent, Minister said that it “amounted to €3,78 billion last year”.

“At the end of last year, deposits amounted to €579,96 million and, consequently, net public debt amounted to €3,19 billion, which is 65,04% of GDP”, Mr Radunović said.

Financial state reserves amounted to €334,6 million until 20 May, €56,4 million of which refers to 38,447 troy ounces of gold.

 

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