Serbian FinMin says government has money for latest aid package

NEWS 12.05.2021 10:31
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Source: RTS

Serbian Finance Minister Sinisa Mali said on Wednesday that the government has the liquidity needed for the latest aid payments to the public.

The authorities have promised to pay old age pensioners and any of the public who register for aid a total of 60 Euro in two installments to help them get through the pandemic as well as 3,000 Dinars (1 Euro – 118 Dinars) to anyone who gets vaccinated and registers for the payment.

“We have the liquidity required to provide this aid. We have had a surplus in the past four years and we have sufficient reserves to react with this package with some of the funds coming from the international capital market. The state is shouldering the greatest part of the burden of this crisis,” the finance minister told the Serbian state TV (RTS).

Mali said the pandemic has not led to mass lay offs or the closure of factories in Serbia and added that the economy has grown beyond projections. According to the finance minister, the economy was projected to drop by 1.3 percent in the first quarter of 2021 but achieved a growth of 1.2 percent. “We will certainly see a growth of more than six percent this year. The International Monetary Fund said five percent, the World Bank said five percent but they are always conservative…it’s a global miracle,” he said.