Keeping the fiscal budget for 2012 within the framework agreed earlier with the International Monetary Fund would help strengthen the country’s financial and macroeconomic stability. It would provide an additional assurance to foreign investors that the Serbian authorities are running a responsible and sustainable macroeconomic policy, which would lead to lower country risk premium and bring the costs of borrowing down.
*  *  *  Unfavourable movements in the international environment have already reflected on the Serbian economy in the last three quarters, though a modest pick-up was registered by the end of the last year.