Serbia’s Dinkic Sees Deficit at Historic High, Tanjug Reports

Serbiia’s fiscal situation is worse than expected and the deficit has reached 2.2 billion euros ($2.7 billion), Tanjug news agency cited Finance Minister Mladjan Dinkic as saying.

The gap includes 170 million euros that the previous government “pumped into three state-owned banks,” Tanjug reported, citing Dinkic. The minister said he would need a month to figure out what has been done with the budget and whether there are any hidden deficits, according to Tanjug.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.