Serbia’s New Growth Agenda : State Aid
Serbia spends relatively large amounts on state aid programs, many of which will have to be phased out or restructured to comply with EU laws. There is room to restructure the existing programs to target activities that have more growth and job div...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/271351585550405016/Serbia-s-New-Growth-Agenda-Country-Economic-Memorandum http://hdl.handle.net/10986/33570 |
| Summary: | Serbia spends relatively large amounts
on state aid programs, many of which will have to be phased
out or restructured to comply with EU laws. There is room to
restructure the existing programs to target activities that
have more growth and job dividends; for example, by
targeting startups and innovating firms and phasing out
support for ailing industries, state-owned enterprises, and
large or old private domestic firms. Although Serbia’s
program to attract foreign direct investment has helped
create new jobs, the focus should now shift to instruments
that facilitate technology spillovers and domestic linkages.
Finally, improving the scope and quality of data collection
will contribute to better monitoring and more efficient
targeting. The sooner Serbia starts to adjust its state aid
programs, the larger the economic and fiscal benefits will be. |
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