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Government adopts Budget revision bill
Belgrade,
25 June 2013
The Serbian government adopted at its session today the Bill on budget revision, as part of comprehensive economic reforms that will be carried out simultaneously and which entail stabilisation of the state budget, reform of the public sector and improvement of business climate.
The budget revision envisages savings of approximately RSD 36 billion, and thus the budget deficit will be limited to 4.7% of GDP, i.e. to RSD 178.3 billion.
Amendments to the Law on the budget system were adopted at today’s session, which will create basis for more savings and better control of spending through the introduction of a central register of public sector employees. The Serbian government also adopted the Action Plan for the completion of the restructuring of the former socially-owned enterprises.
It envisages finding a solution within the next year for 179 companies that have been in restructuring for over 10 years, and which cost the state €750 million, according to estimates by the World Bank.
The government also adopted the Draft law on taking over liabilities of the public road company Putevi Srbije to road construction companies and turning them into a public debt worth RSD 1.3 billion.
The bills adopted will be forwarded to the Serbian Parliament straight away.
Amendments to the Law on the budget system were adopted at today’s session, which will create basis for more savings and better control of spending through the introduction of a central register of public sector employees. The Serbian government also adopted the Action Plan for the completion of the restructuring of the former socially-owned enterprises.
It envisages finding a solution within the next year for 179 companies that have been in restructuring for over 10 years, and which cost the state €750 million, according to estimates by the World Bank.
The government also adopted the Draft law on taking over liabilities of the public road company Putevi Srbije to road construction companies and turning them into a public debt worth RSD 1.3 billion.
The bills adopted will be forwarded to the Serbian Parliament straight away.
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