Serbia

Serbia: 2023 budget foresees gradual reduction of deficit despite energy crisis

  • Draft budget envisages wage and pension hikes, lower tax burden on wages, funds to mitigate energy crisis

  • GDP growth projected at 2.5%, CPI inflation - at 11.1%, CA deficit - 8.5% of GDP

  • New SBA arrangement with IMF to help Serbia meet targets, implement reforms

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Metodi Tzanov @ EmergingMarketWatch
November 24th, 2022
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