Примери коришћења Public investments increase на Енглеском и њихови преводи на Српски
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The second half of the fiscal space should be used for public investments increase.
Within the public investments increase, it is unclear what the concrete priorities of the government are and how they were selected.
These funds primarily pertain to the aforementioned public investments increase, but also to the recruitment and training of new staff.
A significant public investments increase is not only necessary for economic growth acceleration, but also because of the very poor state of infrastructure.
Hence, we believe that it is justified andpossible to use a major share of the fiscal space, of about 40 bn dinars, for public investments increase.
The largest share of public investments increase in 2019, of over 200 million Euros, should go towards main roads and railroads.
Important information which, however,is missing from the Draft Strategy is the list of priority projects that the planned public investments increase pertains to.
An acceptable public investments increase to 4.6% of GDP has been planned in the medium term, but it would be good to have the concrete purposes defined, as well.
In its Strategy, however, the Government plans no changes in fiscal policies aimed at the necessary acceleration in economic growth- first of all, there is no public investments increase.
Public investments increase to at least 4% of GDP could compensate for short-term negative effects of savings on growth and allow for economic development in medium and long term.
The appropriate budget plan for 2019 would comprise a 0.5% of GDP deficit,freeing up 400-450 million Euros for public investments increase and a reduction of tax burden on labour.
This is a relatively strong public investments increase, from their current level which, after the increase in 2018 and 2019, currently amounts to about 4.5% of GDP- the needs are even greater, but the funds are limited.
To that end, the Fiscal Council analysed where the largest infrastructural problems in 6 Serbia are, andhas formulated a proposal for priority public investments increase accordingly.
The most important policy measures from the Draft Strategy that can have a positive impact on economic growth are the planned public investments increase and a decrease on the fiscal burden on labour- but they are not enough, nor are they elaborated in sufficient detail.
Public investments increase is necessary due to the very poor state of the infrastructure, but also as an important incentive for economic growth both in the short term(while the works are ongoing) and in the long term(due to the improvement of infrastructure quality).
At that, a drop in public debt automatically decreases the budget expenditures on interests opening new fiscal space for the necessary public investments increase while maintaining the deficit at the unchanged, low level.
Public investments increase would not only increase the GDP in the short term, but the improvement of infrastructure quality would encourage private investment in the medium term as well- giving public investments a double role in economic growth.
Moreover, a further decrease in public debt share in GDP lowers future government expenditures on interest,freeing up additional fiscal space for a public investments increase and a reduction of certain tax rates in the medium term(a part of the decrease of expenditures on interests comes also from a decrease in interest rates for government loans, due to stabilizing public finances).
In the road infrastructure,the largest share of public investments increase in 2019 would pertain to the acceleration of Corridor 11 construction and to the Belgrade ring-road; and in railroads, to the acceleration of works already begun on the Belgrade-Budapest railroad and commencement of works on electrification and reconstruction of the Niš-Dimitrovgrad railroad.
In 2019, 400-450 million Euros will be available in the budget for economic growth incentives(pro-growthpolicies)- reduction of the fiscal burden on salaries and public investment increase.
Fiscal Council's analysis shows that in 2019, the budget will contain a fiscal space of 400-450 million Euros that should be directed into the two most 1 efficient growth-promoting fiscal measures:1 decrease in fiscal burden on salaries and 2 public investment increase.
Azotara, strongly increase public investments and begin reform of healthcare and education.
SUPPORTING GROWTH IN FISCAL CONSOLIDATION Summary The increase in public investments is currently the best available measure of antirecessionary policy.
The increase in public investments in Serbia is also necessary because the current state of the infrastructure is extremely destitute.
This means that a positive effect to the economic growth of the increase in public investments by 1 p.p.
We hence expect an increase in public investments realization by the end of the year that would make up for the delay in the first several months.
Starting from 2007, we will increase public investments on the level of 5 per cent of GDP(currently at 3 per cent), the average of the EU new members.
Theforthcoming fiscal consolidation shall be carried out in an adverse recessionary environment, whilst the increase in public investments is a rare economic policy which can support growth.
The increase in public investments is probably the only measure on the expenditure side that could have a significant positive impact on economic activity, but there is no such increase in the Government's plans.