If the Assembly does not adopt the budget and the decision on borrowing, a major problem would arise by the end of March, as mandatory expenses could not be paid, since a payment of €500 million in old loans is due on the first day of April, said Finance Minister Novica Vuković in the “Okvir” program on TVCG.
Pensioners will receive increased pensions on February 20, regardless of whether the budget is adopted, Vuković confirmed, noting that proportional pension increases will not be paid.
In April, he pointed out, around €500 million in debt from bonds will be due for payment.
“If any of the credit obligations are not met on time, the entire debt with interest becomes immediately due,” Vuković said.
The Minister also warned that this would result in a complete blockade of public finances.
“In that case, we would not be able to pay salaries, pensions, or anything else that is part of the regular management of public finances,” the Finance Minister added, as reported by RTCG.
