The World Bank is concerned about the announced salary increase
The budget which the Government of Serbia has proposed provides the basis for long-term growth of the economy and citizens’ standards, believes Head of the World Bank’s Office in Serbia, Stephen Ndegwa. However, he is concerned because of the increase in salaries and pensions.
“It was agreed with the International Monetary Fund that pensions can be revised, but as far as salaries are concerned, we think that we must try to implement the reforms we have been discussing for the past two years,” Ndegwa told RTS.
He said that the World Bank was in the middle of the preparation of the program with Serbia, worth EUR 1,800,000,000, and that the goal was to increase economic competitiveness with that money.