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Dec 05, 2017 13:58 EEST
December 5 (SeeNews) - Serbia's government has allocated 128.2 billion dinars ($1.27 billion/1.07 billion euro) to investment in the 2018 draft budget, which represents 2.7% of the projected gross domestic product (GDP), finance minister Dusan Vujovic has said.
The government intends to spend 79.97 billion dinars on capital investment, with 52 billion dinars to be used by the infrastructure ministry, Vujovic said in a statement on Monday.
Serbia's parliament plans to start plenary debates on the draft budget on December 6, according to the schedule of activites posted on the parliament's website.
The government last week adopted the draft budget, which envisages deficit of 28.4 billion dinars equivalent to 0.6% of the estimated gross domestic product (GDP) in 2018. The budget, built on projections of economic growth of 3.5% in 2018, envisages revenues of 1.178 trillion dinars and expenditure of 1.207 trillion dinars, the government said.
The International Monetary Fund (IMF) expects Serbia's fiscal deficit to stand at 0.7% of GDP in 2018, the head of the IMF mission to Belgrade, James Roaf, said last month.
(1 euro = 119.504 dinars)
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