Belgrade, Nov.28, 2009 (Serbia Today) - The recent formula of working with international lenders and builders to take on large scale infrastructure projects has done much to stimulate the economy and forge closer economic ties with world economic leader such as China, Germany, and Russia.
In recognition of the importance of such projects in bolstering the Serbian economy, Prime Minister Mirko Cvetkovic announced that Serbia will invest more than EUR 5 billion in developing its road, railway and energy infrastructure by 2012.
"We will invest more money than we have in infrastructure, because that is an investment in Serbia's future," Cvetkovic stressed an article published in Belgrade weekly NIN.
This would increase the country's economic activity significantly, said the premier, and announced that the budget deficit would be "eliminated within four years," said Cvetkovic, according to Serbian news service Tanjug.
Describing the government goals for 2010, Cvetkovic stated that the chief aims were a fast economic recovery and an increase in the standard of living.
He put macroeconomic stability and financial discipline as the goals of the 2010 economic policy.
"One of our first aims will be to balance the budget, meaning to eliminate the budget deficit within four years," said Cvetkovic.
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