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The Government of the Republic of Serbia

In the service of citizens

Finance committee approves budget bill for 2009

Belgrade, 16 December 2008

The Serbian Parliament’s finance committee has approved the budget bill for 2009, which envisages revenues of RSD 698.7 billion and expenditures of RSD 748.7 billion.

Serbian Minister of Finance said at the committee session that 80% of the expenditure is for fulfilling legal obligations towards budget beneficiaries.

She said that dividends from profits earned by state owned companies worth nearly RSD 14 billion are included in the revenues for the next year, adding that, according to the Finance Ministry’s estimate, 17 state owned companies will earn a total surplus of RSD 29 billion.

She said that these companies are obliged to pay 50% of surplus earned to the Serbian budget, stressing that these companies did not pay a single dinar to the budget this year.

She said that the 2009 budget would have been more restrictive if it had not been rebalanced.

The largest budget allocation is RSD 189 billion for the pension fund, said Dragutinovic, adding that the sum of RSD 5 billion allocated to the health fund will be reduced to RSD 3.6 billion because health sector employees in Kosovo will not receive double salaries and now their salaries will be only 50% more than the salaries of health workers in other parts of Serbia.

The Minister said that she expects that the budget bill will be adopted by the end of the year, pointing to the fact that if interim financing becomes necessary state expenditure will be less than planned according to the budget for the next year.