Serbian Finance Miniser Sinisa Mali said on Monday that continued structural reforms with focus on state-owned companies are the priority for the economy.
The minister told the Serbian state TV (RTS) that the public sector reported losses of more than 60 billion Dinars (1 Euro – 118 dinars) in 2012 and reported profits of 20 billion Dinars in 2017.
The performance of public sector companies has changed greatly with many of them doing a better job but with lots of room to improve their management, Mali said.
The Finance Minister said efforts would be invested to improve make public administration more efficient and reform the Tax Authority.
Serbia is much more resilient and economically stronger than it was just a few years ago and is much more prepared for any potential global economic crisis, Mali said.