A.Džombić: We must cut spending in order to mitigate the consequence of the global economic crisis

December 31, 2012 10:35 AM

Government of RS will cut public spending and reform the social system; support to business and will stimulate investments in order to mitigate the consequences of the global economic crisis.

”In 2007 we carried out the privatization of ”Telekom RS” and we created a development program that, through the creation of Investment – Development Bank and investing in infrastructure projects across the RS and the modernisation of the road network, has helped the to mitigate the global economic crisis.

He said that 53% of money that was gained from the privatisation of ”Telkom” was invested in the business sector of RS.

”We get those funds every day, and they will be returned to the budget of RS and then invested in the business sector, so there are no losses’’, said Džombić.

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