Serbian Budget Not Yet Ready

Serbian Budget Not Yet Ready
Belgrade, Nov.28, 2009 (Serbia Today) - As reforms start to take their effect, and international loans are put in place, the Serbian budget is slowly righting itself to a sustainable level. However, recent budget sessions have produced information that the budget is still off target to the tune of RSD 107 billion or EUR 1.13 billion.
The official budget is still RSD 107 billion over the target for next year, said Serbia Minister of finance Diana Dragutinovic to Serbian daily Blic.
The upcoming changes of on property taxes should be expected in January or February at the latest. These increases will significantly increase the overall property tax for Serbian home owners.
“The budget has been made so that we all take our share of the burden,” said Dragutinovic to Serbian daily Blic.
Subsidies have been cut by approximately RSD 7 billion, which means less money for public enterprises and agricultural projects. Savings were also made in the purchase of goods and services. The most important savings realized was securing outside investments for the Corridor 10, which amounted to RSD 12 billion for the Northern stretch.
The retirement pension and disability insurance fund shall receive RSD 215 billions (EUR 2.26), which is almost the same amount as in 2008.