Q:
A:
2013 draft budget projects 2% GDP growth
Belgrade/Milocer,
25 October 2012
State Secretary of Finance and Economy Vlajko Senic stated that the government will adopt the draft budget for 2013 today, which envisages a state-level deficit of RSD 121.9 billion.
Speaking at a “Financial future of the region” summit, taking place in Milocer, Montenegro, Senic said that the draft budget will be forwarded to the parliament for adoption, noting that next year’s deficit will be RSD 100 billion lower than this year’s.
He observed that the budget projects a growth in tax revenues through increase in VAT and income tax, considerable downsizing of subsidies, lower increase in salaries and pensions, and centralised expenses through abolition of the budget users’ own revenue.
Senic added that the draft budget for 2013 projects an increase of public sector salaries and pensions by 2% in April and 0.5% in October, which will be lower than the inflation growth.
The State Secretary added that the draft budget envisages a 2% GDP growth and a 5.5% inflation increase next year.
He observed that the budget projects a growth in tax revenues through increase in VAT and income tax, considerable downsizing of subsidies, lower increase in salaries and pensions, and centralised expenses through abolition of the budget users’ own revenue.
Senic added that the draft budget for 2013 projects an increase of public sector salaries and pensions by 2% in April and 0.5% in October, which will be lower than the inflation growth.
The State Secretary added that the draft budget envisages a 2% GDP growth and a 5.5% inflation increase next year.
-
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