Q:
A:
Programme of anti-crisis measures, fiscal consolidation and budget revision proposal in August
Belgrade,
28 July 2012
Minister of Finance and Economy Mladjan Dinkic announced last night that a programme of anti-crisis measures and fiscal consolidation will be ready in August, as well as a proposal of budget revision.
Speaking in a broadcast on Radio Television Serbia, Dinkic said that on 30 July he will choose his closest associates and that he will appoint economist Milica Bisic as his deputy in the Ministry of Finance and Economy, who will be in charge of the reform of the tax system, while President of company Metalac from Gornji Milanovac Dragoljub Vukadinovic will be his advisor.
He said that he will speak next week with Minister of Agriculture, Forestry and Water Management Goran Knezevic about the situation in agriculture caused by drought and added that the state will secure subsidised loans to compensate for the damage to agricultural producers.
The Minister also announced the formation of a team for the abolition of unnecessary para-fiscal levies, of which there are now around 256 in various forms of taxes.
He announced that the profit tax rate, which now stands at 5%, will be increased to 15%, so that those who earn the most could contribute more to society and noted that even when increased, this rate will be among the lowest profit tax rates in Europe.
Dinkic also announced that in coordination with the National Bank of Serbia, he will talk with representatives of banks in order to make their loans more in the function of development of the economy, to discuss the possibility of lowering interest rates on loans in Serbia and how can banks help to reduce the debts of the state and local governments to the economy and improve its liquidity.
Speaking about new personnel changes, Dinkic said that competitions for new directors of the tax and customs administrations will be announced soon.
He said that he will speak next week with Minister of Agriculture, Forestry and Water Management Goran Knezevic about the situation in agriculture caused by drought and added that the state will secure subsidised loans to compensate for the damage to agricultural producers.
The Minister also announced the formation of a team for the abolition of unnecessary para-fiscal levies, of which there are now around 256 in various forms of taxes.
He announced that the profit tax rate, which now stands at 5%, will be increased to 15%, so that those who earn the most could contribute more to society and noted that even when increased, this rate will be among the lowest profit tax rates in Europe.
Dinkic also announced that in coordination with the National Bank of Serbia, he will talk with representatives of banks in order to make their loans more in the function of development of the economy, to discuss the possibility of lowering interest rates on loans in Serbia and how can banks help to reduce the debts of the state and local governments to the economy and improve its liquidity.
Speaking about new personnel changes, Dinkic said that competitions for new directors of the tax and customs administrations will be announced soon.
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector