The government approved raising budget deficit to 2% in 2013 budget revision The government approved the proposed amendments to 2013 budget bill. The new budget envisions an increase of the fiscal deficit to 2.0% of GDP from 1.3% planned currently, assuming economic growth will be around 1%, down from the initially estimated 1.9%. The main reasons for the proposed revision are the expectations for lower economic growth, revenue underperformance and expenditure overruns. The new budget bill needs the parliament approval on first and second reading. Source: Dnevnik; SeeNews; FFBH
Posted on: Tue, 23 Jul 2013 07:51:01 +0000
Trending Topics
Recently Viewed Topics
© 2015