Fiscal Council: Non-Selective State Aid Measures Paid by Citizens and Economy Through Higher Excise Taxes
– The Fiscal Council has been analyzing budget expenditures since the pandemic year of 2020. The non-selective budget spendings are socially unjustified, because they are not directed at those who are supposed to get that aid and because they don’t stimulate production – said Petrovic.
He pointed out that the most recent package of measures of aid, which had been included in the budget revision, could lead to an additional increase of the inflation, which was already higher than in the comparable countries and which would last longer.
Petrovic praised the measures that the Government of Serbia had started implementing in Elektroprivreda Srbije (EPS) and said that they showed the intention to cut the harmful ties between the politics and the operations of that company.
He added that true reforms in EPS were yet to follow, pertaining to solving the issues of surplus workers and the lack of the necessary worker profiles.
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