The private sector will be the main engine of growth in 2016, Serbian Minister of Finance Dusan Vujovic said.
Austerity measures in the public sector will continue until the end of 2017, Vujovic told the B92.
“We have been trying to make a difference among the parts of society that must be saving more – those that rely on the budget, such as the public sector, where salaries and pensions have been raised in the past beyond capabilities,” Vujovic said.
At macroeconomic level, the government expects a 1.75-percent growth this year, possibly even two percent, Vujovic said.
Spending growth will be positive for the first time after a year of reforms, the minister said.
Source: Tanjug
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