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