NBS Governor announces increase in salaries, pensions

Governor of the National Bank of Serbia Jorgovanka Tabakovic has said that according to macroeconomic indicators and budget revenues, an increase in salaries and pensions is bound to happen, but the only question is whether it will take place in late 2015 or early 2016

Tabakovic told Belgrade TV B92 on Thursday that an increase in revenues has been recorded for the third month in a row, and as a result the year-on-year deficit in August 2015 was 69 percent down compared to August 2014, adding that in August 2015 it amounted to RSD 6.8 billion compared to RSD 21 billion in the same month in 2014.

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The increase of budget revenues in August reached 26.5 percent that is RSD 75.7 billion, she said, adding that in the past RSD 42 billion were allocated for pensions on a monthly basis, and now the amount stands at RSD 40 billion.

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Payment of interest on old loans still incurs increased expenditures posing a problem for the budget, she said.

Asked whether possible early parliamentary elections in Serbia may disturb this year's good economic results of the government, Tabakovic said that they would not perturb much this good trend.

(Telegraf.co.uk/ Tanjug)