
The agency projects a fiscal deficit of 3% of GDP this year despite new support measures, narrowing to 2.5% by 2028
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Summary
Fitch Ratings has affirmed Serbia's credit rating at BB+ with a stable outlook, citing consistent macroeconomic policies, strong commitment to exchange rate stability, and responsible fiscal management. The agency projects that Serbia's fiscal deficit will remain at 3% of GDP this year despite planned support measures for vulnerable groups and pensioners totaling about 0.6% of GDP, as higher fiscal revenues offset the costs. The deficit is expected to narrow to 2.5% of GDP by 2028, in line with targets under Serbia's arrangement with the International Monetary Fund.
Separately, European Central Bank President Christine Lagarde warned that Europe is at a turning point and must accelerate structural reforms to address challenges of the 21st century.
Cross-referenced from 2 sources.
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The agency projects that the fiscal deficit this year will be kept at 3% of gross domestic product despite announced support measures for vulnerable groups and pensioners of about 0.6% of gross domestic product, because this type of support is enabled by higher fiscal revenues.
according to BlicA reduction of the fiscal deficit to 2.5% of gross domestic product is expected in 2028, in line with the program target defined by the arrangement with the International Monetary Fund.
according to Blic1 h Challenges of the 21st century Lagarde warned: "EU must accelerate reforms" President of the European Central Bank (ECB) Christine Lagarde assessed today that Europe is at a turning point and must urgently implement structural reforms.
according to B92"'Fitch' in its explanation states that Serbia's credit rating was supported by consistent macroeconomic policy, strong commitment to exchange rate stability and responsible fiscal management, increased foreign exchange reserves, as well as higher GDP per capita compared to countries with the same credit rating," concluded Mali.
according to B92
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