Serbia

FinMin resigns


Published

Lazar Krstić, the Minister of Finance announced that he had resigned his portfolio yesterday afternoon.

The Minister said that he would stay on to advise the Prime Minister but that they were not able to agree on the way forward. Krstić said that he had wanted to reduce pensions by at least 20%, reduce wages by at least 15% and see public sector employee numbers drop by at least 160,000 whilst increasing the price of electricity by 30%.

InSerbia reports the ex-Minister as saying that the “Prime Minister has a soft heart and that is why he has so much support of the people. I have no doubt that anyone understands better than him what is necessary and possible to conduct. On the other hand, I believed that these measures had to be implemented immediately and in full scale.”

Prime Minister Aleksandar Vučić announced that the Minister of Economy Dušan Vujović will replace Krstić.

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