Q:
A:
Parliament adopts 2008 budget
Belgrade,
26 December 2007
Serbian parliament adopted today the Law on the 2008 budget which envisages budgetary revenues of RSD 639.6 billion, expenditures of RSD 654.4 billion and a deficit of RSD 14.8 billion.
The budget is higher than last year’s for around 10% and was adopted by 132 votes. Eleven MPs voted against it and 14 abstained.
The budget envisages harmonisation of pensions, in line with the increase in salaries, of up to 60% of the average salary in Serbia.
Key measures for reducing public spending will be to keep salaries in state administration and public services at the real level, reduce state subsidies by 5% and public investments by over 10% in comparison with the funds planned for 2007.
The budget plans a 25.8% growth in export and a novelty is that as of January 1, 2008, pension funds for employees, farmers and independent workers will be merged into one fund.
The largest item in the expenditure section of the budget for the next year are budget-financed salaries of employees, which stand at RSD 176.7 billion.
Donations for obligatory social insurance organisations, amounting to RSD 165.6 billion, are the second-ranked expense for 2008. Out of this sum, which makes up 22.7% of expenditures, RSD 127.1 billion will go to the Serbian Pension and Disability Fund.
Other levels of authority will receive RSD 67.1 billion, and this portion of budgetary funds includes transfers to the Autonomous Province of Vojvodina and local self-government units.
Serbian parliament will get RSD 3.2 billion, the President’s cabinet RSD 147.4 million, the Prime Minister’s cabinet RSD 59.4 million and the Deputy Prime Minster’s cabinet RSD 91.7 million.
The government adopted two amendments to the proposed budget and submitted two of its own amendments which were included in the final text of the 2008 budget.
The government amendments envisage a re-allocation of funds in the judiciary which will ensure a reduction of funds set aside for salaries, contributions and employee compensations, as well as social welfare contributions paid by employers in the amount of RSD 250 million.
One amendment submitted by MPs envisages an increase from RSD 230.6 million to RSD 323.66 million for salaries of employees in parliamentary services, while another one refers to subsidies in public non-financial companies and organisations which are part of the Ministry of Agriculture.
RSD 40 million will be used for rural development, that is, for supporting agricultural development of the Roma, and another RSD 60 million will go to agriculture and rural development for the poor, the displaced and refugees.
This amendment also envisages that RSD 6.5 million be set aside as support to the implementation of action plans of the Decade of the Roma campaign.
The budget envisages harmonisation of pensions, in line with the increase in salaries, of up to 60% of the average salary in Serbia.
Key measures for reducing public spending will be to keep salaries in state administration and public services at the real level, reduce state subsidies by 5% and public investments by over 10% in comparison with the funds planned for 2007.
The budget plans a 25.8% growth in export and a novelty is that as of January 1, 2008, pension funds for employees, farmers and independent workers will be merged into one fund.
The largest item in the expenditure section of the budget for the next year are budget-financed salaries of employees, which stand at RSD 176.7 billion.
Donations for obligatory social insurance organisations, amounting to RSD 165.6 billion, are the second-ranked expense for 2008. Out of this sum, which makes up 22.7% of expenditures, RSD 127.1 billion will go to the Serbian Pension and Disability Fund.
Other levels of authority will receive RSD 67.1 billion, and this portion of budgetary funds includes transfers to the Autonomous Province of Vojvodina and local self-government units.
Serbian parliament will get RSD 3.2 billion, the President’s cabinet RSD 147.4 million, the Prime Minister’s cabinet RSD 59.4 million and the Deputy Prime Minster’s cabinet RSD 91.7 million.
The government adopted two amendments to the proposed budget and submitted two of its own amendments which were included in the final text of the 2008 budget.
The government amendments envisage a re-allocation of funds in the judiciary which will ensure a reduction of funds set aside for salaries, contributions and employee compensations, as well as social welfare contributions paid by employers in the amount of RSD 250 million.
One amendment submitted by MPs envisages an increase from RSD 230.6 million to RSD 323.66 million for salaries of employees in parliamentary services, while another one refers to subsidies in public non-financial companies and organisations which are part of the Ministry of Agriculture.
RSD 40 million will be used for rural development, that is, for supporting agricultural development of the Roma, and another RSD 60 million will go to agriculture and rural development for the poor, the displaced and refugees.
This amendment also envisages that RSD 6.5 million be set aside as support to the implementation of action plans of the Decade of the Roma campaign.
-
Belgrade, 13 May 2025Serbia's sincere, firm commitment to European path, reforms and dialogue
-
Belgrade, 13 May 2025Vučić welcomes European Council President in front of Palace of Serbia
-
Belgrade, 16 April 2025New Serbian government voted in
-
Belgrade, 15 April 2025Building unity through dialogue, tolerance, respect for value system
-
Belgrade, 14 April 2025National Assembly speaker convenes session on government election
-
Belgrade, 6 April 2025Đuro Macut nominated as prime minister-designate
-
Belgrade, 2 April 2025Positive trend in growth of trade exchange with UK
-
Belgrade, 19 March 2025Parliament confirms resignation of Prime Minister Miloš Vučević
-
Belgrade, 12 March 2025Vučić welcomes President of Burundi in front of Palace of Serbia
-
Belgrade, 6 March 2025Parliament adopts amendments to Law on Higher Education