Serbian government adopts Draft 2014 Budget Law

The Serbian government adopted at its session on Friday night (1 November 2013) a draft law on the budget of the Republic of Serbia for 2014 and forwarded it to the Serbian parliament for consideration.

The draft of the 2014 budget was adopted by the government together with draft decisions on giving the consent for the financial plans of the Republic Pension and Disability Insurance Fund, the Republic Health Insurance Fund, the Republic Military Insurance Fund, and the National Employment Agency for the year 2014.

The government also adopted the Fiscal Strategy for 2014 with projections for 2015 and 2016.

According to a release issued by the government’s Media Relations Office, the Government of Serbia also adopted a set of measures aimed at providing credit support to the business organization Korporacija fabrika automobila Priboj AD Priboj (FAP).

Serbia’s budget deficit in 2014 will be at RSD 182.5 billion, that is, 4.6 percent of the gross domestic product, Finance Minister Lazar Krstic announced.

According to the budget for the next year, revenues and expenditures are projected at RSD 930 billion and RSD 1,113 billion, respectively.