For the National Bank of Serbia, entering the 21st century meant a return to the main ideals and spirit of the law enacted in 1883 – to build an independent and professional institution, which is just and fair in the distribution of money.
The loss of output and earnings associated with high unemployment also reduces government revenues and increases spending, thereby leading to larger deficits and higher levels of debt. The recent increase in gasoline prices, which reflects both higher crude oil prices and wider refining margins, is hitting family budgets. However, overall inflation remains low.