Good news, this is how pensions will grow in Serbia!

Retirees, Photo: Alo.rs/ Nenad Vujanovic

The Ministry of Finance met today with the president of the Fiscal Council, Pavle Petrović, with whom it discussed the results in the current 2020, as well as the budget for 2021, with a view to the next Mission of the International Monetary Fund that will begin on October 5 .

Regarding the results in 2020, according to the data currently available, they are better than planned, and Serbia is expected to finish this year with economic growth that will be between -1 and 0 percent. Representatives of the Fiscal Council pointed out that a conservative approach should be maintained in the growth projections for next year, as well as that they accept that pensions grow according to the “Swiss formula” and salaries according to inflation.

Is this model a good solution for retirees?

According to the statement, interlocutors agreed that there should be some flexibility in the budget for next year, given the uncertainties due to the coronavirus pandemic. They also agreed that public investments should continue, and the Finance Ministry noted that the top priority of the Serbian government is increased investment in the construction of road and rail infrastructure. According to them, that will further affect faster economic growth.

Also, the ministry said that the public debt will be kept under control next year, as well as the deficit.

The ministry said that this year the calendar will also be respected in regards to the adoption of the annual budget, and that it expects it to be adopted in the National Assembly before December 1.