Q:
A:
Proposed budget in line with Serbian Constitution
Belgrade,
20 June 2007
Serbian Minister of Finance Mirko Cvetkovic said today that the budget for 2007 has been drafted in line with the Serbian Constitution and that the state has an additional €1 billion that are not shown in the budget.
Author:
Fonet
Closing the general discussion on the 2007 budget bill and a set of tax laws in Serbian parliament, Cvetkovic explained that those funds, which mostly come from privatisation proceeds are in the account of the National Bank of Serbia and will cover the budgetary deficit of RSD 13.7 billion.
Responding to objections made by parliament members in the past thee days during the discussion, Cvetkovic said that the budget is completely in line with the Constitution when it comes to transfers to Vojvodina and they will be at least 7% of the republic budget.
As for the inclusion of funds from the National Investment Plan into regular expenditures, the Minister explained that this reflects the political decision not to spend everything that is made, but to invest one part and leave it for future generations.
As for the agricultural budget, the Minister said that it includes subsidies of €100 per cultivated hectare for individual farms.
According to him, the government will submit the final account of the budget for the last year on time, that is, by July 15.
Responding to objections made by parliament members in the past thee days during the discussion, Cvetkovic said that the budget is completely in line with the Constitution when it comes to transfers to Vojvodina and they will be at least 7% of the republic budget.
As for the inclusion of funds from the National Investment Plan into regular expenditures, the Minister explained that this reflects the political decision not to spend everything that is made, but to invest one part and leave it for future generations.
As for the agricultural budget, the Minister said that it includes subsidies of €100 per cultivated hectare for individual farms.
According to him, the government will submit the final account of the budget for the last year on time, that is, by July 15.
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