Q:
A:
State securities to finance budget from September
Belgrade,
15 July 2008
Serbian Minister of Finance Diana Dragutinovic said today that the state will start issuing securities for financing the budget totalling nearly RSD 5 billion.
Diana Dragutinovic
Author:
Tanjug
Dragutinovic told the Tanjug news agency that they will be in the dinar currency only and will be available to private persons and businesses.
Speaking about inflation, she said that it is mostly influenced by the constant growth of oil and food prices in the world and announced a possibility of reducing excise tax on oil derivatives.
She said that according to an IMF study, 40 countries have started reducing excises.
Speaking on the increase of pensions by 10%, Dragutinovic said that additional RSD 8 billion to RSD 9 billion should be provided in the budget for that.
She said that excises on tobacco will increase not just because smoking damages health but because cigarettes in Serbia are the cheapest in Europe.
Dragutinovic said that the efficiency of collecting tax returns must be improved and announced a meeting with Tax Administration officials for July 18.
Speaking about inflation, she said that it is mostly influenced by the constant growth of oil and food prices in the world and announced a possibility of reducing excise tax on oil derivatives.
She said that according to an IMF study, 40 countries have started reducing excises.
Speaking on the increase of pensions by 10%, Dragutinovic said that additional RSD 8 billion to RSD 9 billion should be provided in the budget for that.
She said that excises on tobacco will increase not just because smoking damages health but because cigarettes in Serbia are the cheapest in Europe.
Dragutinovic said that the efficiency of collecting tax returns must be improved and announced a meeting with Tax Administration officials for July 18.
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