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The Government of the Republic of Serbia

In the service of citizens

Government adopts Bill on amendments to 2020 Budget Law

Belgrade, 5 November 2020

The Serbian government adopted today a Bill on amendments to the Law on the Budget of the Republic of Serbia for 2020, which envisages total revenues of RSD 1,291.4 billion, expenditures in the amount of RSD 1,774.4 billion and a deficit of RSD 483 billion.

The bill approves additional funds for the prevention and mitigation of the consequences caused by the COVID-19 disease caused by the SARS-COV2 virus. The funds are earmarked for additional equipping of COVID hospitals, construction of hospitals in Belgrade and Krusevac, as well as for the procurement of medicines and medical supplies.

Transfers to the Republic Health Insurance Fund for the procurement of necessary equipment and medicines are increased in order to prevent the spread of the disease and provide better health care for all citizens.

The budget revision also provides funds for capital projects, extends implementation of the programme of economic assistance measures, allocation of subsidies to support the work of the hotel industry, maintenance of state roads, construction of highways in Serbia, as well as direct incentives in agriculture.

The economic growth projection for 2020 has been revised upwards from -1.8 percent to -1.0 percent, which will be one of the best results in Europe, based on developments in the international environment, health measures taken and taking into account the effects of the measures that had been adopted by the government to support the economy and the population. In the absence of these measures, the decline in GDP in 2020 would be greater, amounting to approximately five percent.

The government also adopted a Bill on amendments to the Law on Protection of the Population from Infectious Diseases because it is necessary to ensure strict compliance with measures to protect the health and lives of citizens, preserve the health system and the country's economy.

These amendments envisage the introduction of personal protection measures and increased responsibility of citizens, whose implementation will be supervised by the sanitary and communal inspections and the community police for both natural and legal persons.