The Serbian government implemented a significant shift in its economic strategy on April 13th, enacting a 20% tax reduction that remains active until April 15th. Subsequently, today, the government further reduced taxes, increasing the overall discount to approximately 61%. This decision was announced by President Vučić during a session of the National Security Council, convened due to escalating concerns regarding the energy market.
Vučić stated that the government would “give up” state revenues to sustain current fuel prices. He explained that, without intervention, the current market price for diesel would be 257 dinars (2.20 euros). However, with the implemented 20% tax reduction, and the additional 40% reduction which was announced today, the price will be lowered to 242 dinars (2.07 euros).
He emphasized that this measure would be maintained over the coming weeks, reflecting the government’s commitment to mitigating the impact of rising energy costs on consumers. The Serbian public broadcaster, RTS, reported Vučić’s comments, highlighting the substantial impact of this combined tax reduction.
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