Serbia: Government to ensure implementation of the measures described below to accommodate pension arrears payments in 200506. These are: (i) increase in fuel excises by at least 1 dinar per liter, expected to yield SRD 2.4 billion in 2006 (formal government decision by January 15, 2006); (ii) cuts in mortgage subsidies and agricultural lending by SRD 1.5 billion (formal government decision to amend the 2006 spending targets and programs by January 15); (iii) cuts in the budgetary reserve and expenditures for goods and services by SRD 1.6 billion (formal government decision by January 15); (iv) payment of NIS tax arrears in the amount of SRD 1.5 billion (NIS Managing Board decision in December 2005), and (v) elimination of tax exemptions for capital imports, estimated at SRD 1 billion (formal government decision); (vi) in case the surplus of the consolidated general of NIS tax arrears in the amount of SRD 1.5 billion (NIS Managing Board decision in December 2005), and (v) elimination of tax exemptions for capital imports, estimated at SRD 1 billion (formal government decision); (vi) in case the surplus of the consolidated general
N/A