Next year’s budget is expected to amount to €3.47 billion, we have analyzed the overall situation, concerning both the revenues and expenditures, stated the Finance Minister, Novica Vukovic, speaking in a TV show screened on the public broadcaster. Mr Vukovic also added that we’d have to pay off half a billion debt next year.
He said that the interest rates for the new 200 million borrowing, which was approved recently, were between 6.4% and 6.5%, pointing out that the negotiations with domestic banks had been completed.
According to him, they made a good framework, so the first step was to adopt the budget law, which was planned for tomorrow.
On the revenues and expenditures, Mr Vukovic explained that “optimization was in the spotlight when we’re talking about funding our current obligations from existing revenues. If we compare with this year’s budget, we have an increase of around €496 million”.
As for the increase in pensions, it’d be funded from existing revenues. “By adopting a new law referring to social reimbursements and the area of pension and disability insurance, we’ll have defined all steps that are part of the Europe Now II project”.
