Keepin touch

Whether you have a question, comment, suggestion or any problem in the purview of the government, send us your message and we will try to respond as soon as possible. If your problem is not in our purview, we will forward your message to the relevant institution.

The Government of the Republic of Serbia

In the service of citizens

Budget revision before October 5

Belgrade, 23 September 2008

Serbian Minister of Finance Diana Dragutinovic announced yesterday that before October 5 the government will adopt the budget revision, adding that the RSD 55 billion deficit will be covered from current revenues and through the redistribution of expenses.

In a statement to the Radio Television Serbia, Dragutinovic stressed that the RSD 55 billion can be covered by real money and specified that additional expenses arose when the joint company had to be formed with Italy’s Fiat, as well as because of the financing of Corridor 10 and the 10% increase in October pension cheques.

She recalled that these three projects were the government’s key priorities in 2008 and noted that the government underestimated the volume of budget revenues for this year, as they will be RSD 10–12 billion higher than projected and other revenues can only result from the budget revision.

She also stressed that the new government has new priorities, which is why the budget revision is necessary. She added that the ministries asked for additional RSD 10 billion for expenses, and the proposed ministry savings amount to RSD 350 million, therefore the revision is indeed indispensable.

As the IMF’s technical mission concluded its visit to Belgrade last week, Dragutinovic said that there is still no consensus in the government on whether Serbia needs another arrangement with this international financial institution.