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The Government of the Republic of Serbia

In the service of citizens

Government to examine 2008 budget bill today

Belgrade, 12 November 2007

Serbian Prime Minister Bozidar Djelic said today that the Serbian government will examine at today's extraordinary session the 2008 budget bill, and the session will be preceded by a session of the government's Committee for economy and finances which is expected to adopt the budget bill for next year.

File photo of Bozidar Djelic

Author: Fonet

Djelic expects that this budget, which is larger by 10% than this year's, will be adopted in Serbian parliament in December.

Since the economy has recorded a significant growth in the previous 12 months, share of the budget in the national economy will start to decline by somewhat less than 1% of GDP, Djelic said.

He said that salaries will grow by 16%, which means that the next year's average salary for those who receive it from the budget will be larger by 16% than this year's average.

Djelic said that pensions will be increased between 11% and 12% in January and that public spending will be reduced in GDP, which means that the state will participate less in the national economy than it has done this year.

The Deputy Prime Minister said that this budget is characterised by a good balance between the social and developmental, that significant funds have been envisaged for the National Investment Plan and intensified employment projects, especially intended for those who want to change the job and start their own business.