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Parliament adopts 2004 budget revision act
Belgrade,
19 October 2004
The Serbian parliament has adopted the 2004 budget revision act, which decreased the deficit in the state budget from the projected 45.3 billion dinars to 32.7 billion.
According to the revised budget, the planned 329.3 billion dinars in revenues remained unchanged, while expenditures were reduced from the planned 374.6 billion to 362 billion dinars.
The reduction of the budget deficit by 2.2 percent of the expected gross domestic product (GDP) will decrease the funding of the state union of Serbia-Montenegro by 6 billion dinars as well as maintenance of public buildings and other office space, while payments to social funds will inch up by more than 8 billion dinars.
The funding of the Serbia-Montenegrin army will be reduced by 5.6 billion dinars, but army employees will receive an 8.5 percent increase in salaries due to considerable savings of the funds throughout the year.
The proposal was backed by 128 deputies while 92 voted against.
The reduction of the budget deficit by 2.2 percent of the expected gross domestic product (GDP) will decrease the funding of the state union of Serbia-Montenegro by 6 billion dinars as well as maintenance of public buildings and other office space, while payments to social funds will inch up by more than 8 billion dinars.
The funding of the Serbia-Montenegrin army will be reduced by 5.6 billion dinars, but army employees will receive an 8.5 percent increase in salaries due to considerable savings of the funds throughout the year.
The proposal was backed by 128 deputies while 92 voted against.
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