Q:
A:
Ministry of Finance ready to support professionalisation of Serbia-Montenegrin Army
Belgrade,
10 May 2006
Serbian Minister of Finance Mladjan Dinkic stated today that the Ministry of Finance is ready to support plans of the Serbia-Montenegrin Ministry of Defence and the General Staff on professionalisation of armed forces by 2010 and announced that additional funds of approximately 50 billion dinars are planned for that purpose.
From left: Zoran Stankovic, Michael Polt and Mladjan Dinkic
Author:
FoNet
During the break at the third meeting of the Group of Serbia-Montenegro and NATO on the reform of defence, Dinkic said that over the next four years the state will be setting aside 2.4% of GDP each year for the needs of the Ministry of Defence, which will considerably increase the military budget.
He explained that the annual budget of the Ministry of Defence is projected at some 50 billion dinars and that setting aside 2.4% of GDP will mean that the armed forces will have one budget more per year by 2010.
The additional funds will be used for better equipment of the army, as well as for solving the social and material needs of former and present member of the armed forces.
Participants in the third meeting of the Group of Serbia-Montenegro and NATO were Serbia-Montenegrin Minister of Defense Zoran Stankovic, US Ambassador to Belgrade Michael Polt and Norwegian Ambassador Haakon Blankenborg, who is Serbia-Montenegro's contact partner with NATO, as well as representatives of the embassies of NATO member countries in Belgrade.
The Group of Serbia-Montenegro and NATO was established in February with the aim of more efficient implementation of reforms, better coordination, strengthening of democratic control of the defence institutions and preparation of Serbia-Montenegro for membership in the Partnership for Peace.
He explained that the annual budget of the Ministry of Defence is projected at some 50 billion dinars and that setting aside 2.4% of GDP will mean that the armed forces will have one budget more per year by 2010.
The additional funds will be used for better equipment of the army, as well as for solving the social and material needs of former and present member of the armed forces.
Participants in the third meeting of the Group of Serbia-Montenegro and NATO were Serbia-Montenegrin Minister of Defense Zoran Stankovic, US Ambassador to Belgrade Michael Polt and Norwegian Ambassador Haakon Blankenborg, who is Serbia-Montenegro's contact partner with NATO, as well as representatives of the embassies of NATO member countries in Belgrade.
The Group of Serbia-Montenegro and NATO was established in February with the aim of more efficient implementation of reforms, better coordination, strengthening of democratic control of the defence institutions and preparation of Serbia-Montenegro for membership in the Partnership for Peace.
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