Q:
A:
Introducing order in public finances
Belgrade,
3 December 2013
Minister of Finance Lazar Krstic said today that the proposed amendments to financial legislation are a first step on the path of major reforms planned by the government.
Author:
Tanjug
Addressing members of Serbian parliament, who are discussing amendments to 11 finance-related laws, Krstic said that the measures proposed by the government are neither ideal nor popular, but stressed that they have no alternative.
According to Krstic, the regulations proposed by the government will help reduce the costs of the state, fight against the gray economy and improve technical services responsible for public finances.
The proposed financial laws stipulate an increase of the lower rate of value added tax (VAT) from 8% to 10%, which will consequently increase the cost of a monthly food basket by RSD 250, reducing the salaries in the public sector in excess of RSD 60,000, as well as restricting employment in the public administration.
Pensions and salaries of budget users will rise twice a year, at a 0.5%, while public officials will no longer receive their salaries for six months after the end of their term in office, but for three months only, Krstic said.
According to Krstic, the regulations proposed by the government will help reduce the costs of the state, fight against the gray economy and improve technical services responsible for public finances.
The proposed financial laws stipulate an increase of the lower rate of value added tax (VAT) from 8% to 10%, which will consequently increase the cost of a monthly food basket by RSD 250, reducing the salaries in the public sector in excess of RSD 60,000, as well as restricting employment in the public administration.
Pensions and salaries of budget users will rise twice a year, at a 0.5%, while public officials will no longer receive their salaries for six months after the end of their term in office, but for three months only, Krstic said.
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