The government is considering an unseasonal austerity measure: a law that would prohibit the exchange of gifts with visiting foreigners.

President Raif Dizdarevic asked Parliament to order that no presents be given to foreign officials on state visits, the official news agency Tanjug said Saturday.The agency did not say how much Yugoslavia has spent in 1988 on gifts for visitors such as Soviet leader Mikhail S. Gorbachev.

The proposed law drew attention to the need for economizing in the state budget, Tanjug said. Yugoslavia is burdened with a $21 billion foreign debt and an annual inflation rate of about 250 percent.