VUCIC: If pensions were not cut, we would go bankrupt

Serbian Prime Minister Aleksandar Vucic says that pensions had to be reduced along with wages to save the country as it would have gone bankrupt otherwise.

According to Vucic, that decision was made at the moment when Serbia's GDP had already dropped 3.6%.

As he says, pensions were cut by 5.17% in total.

Vucic also says that our current budget is much better than the last year, and so is GDP.

Vlada Republike Srbije

Government of Serbia

Aleksandar Vucic

wage and pension cut

Serbia GDP