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A:
2009 budget to be adopted by end-week
Belgrade,
4 December 2008
Deputy Prime Minister for EU integration Bozidar Djelic last night stated he expects the government to adopt the proposed 2009 budget by the end of the week.
Following the Economist Media Group award ceremony, Djelic told the press that the Serbian parliament will adopt the 2009 budget on time, that is, before December 15, as announced by Parliamentary Speaker, Slavica Djukic-Dejanovic.
Djelic said it would indeed be unfortunate for Serbia if it entered the first quarter of 2009 with temporary financing from the budget.
He said it has been agreed to start implementing the Transitional Trade Agreement from January 1, which means the state will have around €300 less in the budget from customs tax revenues, but added that the loss will be compensated for from savings in the budget and not by an increase in customs or any other tax.
According to him the implementation of the Transitional Trade Agreement will reduce the revenues from the import of raw materials from the EU by around €150 million, as well as that the revenues from cars imported from the EU will also be lower by €100 or €50 million, since the import duty will be halved.
Djelic noted that the budget deficit for next year will remain within the projected limits of 1.5% of the GDP, that is, around RSD 46–47 billion.
Djelic said it would indeed be unfortunate for Serbia if it entered the first quarter of 2009 with temporary financing from the budget.
He said it has been agreed to start implementing the Transitional Trade Agreement from January 1, which means the state will have around €300 less in the budget from customs tax revenues, but added that the loss will be compensated for from savings in the budget and not by an increase in customs or any other tax.
According to him the implementation of the Transitional Trade Agreement will reduce the revenues from the import of raw materials from the EU by around €150 million, as well as that the revenues from cars imported from the EU will also be lower by €100 or €50 million, since the import duty will be halved.
Djelic noted that the budget deficit for next year will remain within the projected limits of 1.5% of the GDP, that is, around RSD 46–47 billion.
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