Average salaries 900 Euro by 2025, Serbian minister says

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Serbian Finance Minister Sinisa Mali told the Kopaonik Business Forum that the average salary in Serbia would be at the level of 900 Euro by 2025, adding that pensions would stand at around 440 Euro by that time.

The minister said that Serbia has recorded a budget surplus for the fourth year in a row with a growth rate of more than four percent in 2018 and 2019 and a public debt which is under control at around 50 percent of the GDP. He said the unemployment rate is the lowest since 1996 and stands at 10.4 percent. Mali said that 2019 was the best year of the decade based on economic parameters, adding that the average salary in Serbia was higher than 500 Euro.  

The minister said that the government will continue investing in infrastructure as the best model to attract investors and will continue cutting tax burdens. “Living standards are the absolute priority and we want faster growth both because of the elderly and young people who are deciding whether to stay or leave,” he said.