Serbian Govt Adopts IMF-backed 2010 Budget Bill

Serbia’s planned budget revenues for 2010 will total 656 billion dinars while its expenditures will equal 763 billion dinars, the government in Belgrade said late on Tuesday.

Finance Minister Diana Dragutinovic is expected to provide more details at a news conference later on Wednesday.

The government in Belgrade signed a two-year 3.0 billion euro ($4.5 billion) stand-by funding arrangement with the global lender in March, agreeing on a 2010 budget deficit equivalent to 4.0% of the projected gross domestic product, down from 4.5% agreed for this year.

(1 euro=95.2175 Serbian dinars)