Serbia's Finance Minister Mladjan Dinkic said on August 2 his country will seek to negotiate new credit from the International Monetary Fund (IMF) instead of trying to revive an arrangement suspended last year.
The IMF in February suspended a standby credit to Serbia, saying the previous government in Belgrade failed to cut spending to agreed limits.
A new coalition government took office last week.
Dinkic said Belgrade has already invited the IMF to open talks on a new credit.
The minister told reporters he has a "clear plan" to address the country's financial problems, including its unprecedentedly high budget deficit that currently stands at some $2.6 billion.
He said the new plan will be unveiled by the end of September.
The IMF in February suspended a standby credit to Serbia, saying the previous government in Belgrade failed to cut spending to agreed limits.
A new coalition government took office last week.
Dinkic said Belgrade has already invited the IMF to open talks on a new credit.
The minister told reporters he has a "clear plan" to address the country's financial problems, including its unprecedentedly high budget deficit that currently stands at some $2.6 billion.
He said the new plan will be unveiled by the end of September.
