Q:
A:
Parliament adopts budget revision
Belgrade,
28 September 2006
Serbian parliament members adopted tonight the Bill on amendments to the Law on budget system and the Bill on amendments to the Law on the 2006 budget of the Republic of Serbia.
Author:
FoNet
According to the revision of this year's budget, the total budget revenue stands at 521.3 billion dinars and expenditure at 505.8 billion dinars, which means that the budget surplus will amount to 15.5 billion dinars.
446.7 billion dinars has been set aside for budget beneficiaries and 33 billion dinars for capital expenses within the National Investment Plan.
This year, 35.2 billion dinars will be provided for the plan, which will also be financed through loans and donations from abroad, and 107.2 billion dinars next year.
Capital investment expenditure has been increased three times compared to the initial plan and makes up 12% of the budget.
Organisations dealing with obligatory social insurance will receive 122.6 billion dinars from the budget, which is 5.5 billion dinars more than was envisaged by the initial plan.
34.7 billion dinars will be set aside for the repayment of the capital amount of Serbia's public debt.
Employees whose salaries are financed from the budget will get a raise this year no less than 15%, salaries of people employed in the university sector will be increased by 31%, in interior ministry by 26.7%, whereas junior civil servants will receive a raise of 61.7%.
Amendments to the Law on budget introduce long-term budget planning for the first time in order to make a gradual shift to the system of programme budget.
Serbian parliament accepted amendments to the 2006 finance plans of the Fund for Pension and Disability Insurance of Employees, Fund for Pension and Disability Insurance of Farmers, Fund for Pension and Disability Insurance of the Self-Employed, Serbian Health Insurance Bureau and National Employment Service.
Out of 132 present parliament members, 131 voted in favour of amendments to the Law on budget, whereas 128 voted in favour of the amendments to the Law on budget system and 4 out of 132 parliament members did not vote.
446.7 billion dinars has been set aside for budget beneficiaries and 33 billion dinars for capital expenses within the National Investment Plan.
This year, 35.2 billion dinars will be provided for the plan, which will also be financed through loans and donations from abroad, and 107.2 billion dinars next year.
Capital investment expenditure has been increased three times compared to the initial plan and makes up 12% of the budget.
Organisations dealing with obligatory social insurance will receive 122.6 billion dinars from the budget, which is 5.5 billion dinars more than was envisaged by the initial plan.
34.7 billion dinars will be set aside for the repayment of the capital amount of Serbia's public debt.
Employees whose salaries are financed from the budget will get a raise this year no less than 15%, salaries of people employed in the university sector will be increased by 31%, in interior ministry by 26.7%, whereas junior civil servants will receive a raise of 61.7%.
Amendments to the Law on budget introduce long-term budget planning for the first time in order to make a gradual shift to the system of programme budget.
Serbian parliament accepted amendments to the 2006 finance plans of the Fund for Pension and Disability Insurance of Employees, Fund for Pension and Disability Insurance of Farmers, Fund for Pension and Disability Insurance of the Self-Employed, Serbian Health Insurance Bureau and National Employment Service.
Out of 132 present parliament members, 131 voted in favour of amendments to the Law on budget, whereas 128 voted in favour of the amendments to the Law on budget system and 4 out of 132 parliament members did not vote.
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