Government to adopt budget draft

The Serbian government should discuss the draft state budget for 2011 at a regular session in Belgrade today.

Izvor: Tanjug

Thursday, 16.12.2010.

10:20

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The Serbian government should discuss the draft state budget for 2011 at a regular session in Belgrade today. The budget envisages a deficit of 4.1 percent of GDP or about RSD 140bn, in accordance with the agreement with the International Monetary Fund (IMF). Government to adopt budget draft According to the Budget System Law, the government is already late adopting the draft that is to be sent to MPs for adoption, since legal deadline expired on December 15. However, Finance Minister Diana Dragutinovic stated earlier that she had agreed with the IMF not to call an extraordinary session to debate the budget but to adopt it at a regular session today. According to the agreement reached during the sixth review of Serbia’s stand-by arrangement with the IMF, the government needed to adopt the draft state budget for 2011 by December 15 at the latest so the IMF Board of Directors could give a positive assessment of the review on December 22 in Washington. According to the Budget System Law, parliament must adopt next year’s budget by December 31 at midnight. If it exceeds this deadline, temporary financing from the budget will come into force, last for three months, and will be in accordance with the 2010 state budget. Diana Dragutinovic (Tanjug, file)

Government to adopt budget draft

According to the Budget System Law, the government is already late adopting the draft that is to be sent to MPs for adoption, since legal deadline expired on December 15.

However, Finance Minister Diana Dragutinović stated earlier that she had agreed with the IMF not to call an extraordinary session to debate the budget but to adopt it at a regular session today.

According to the agreement reached during the sixth review of Serbia’s stand-by arrangement with the IMF, the government needed to adopt the draft state budget for 2011 by December 15 at the latest so the IMF Board of Directors could give a positive assessment of the review on December 22 in Washington.

According to the Budget System Law, parliament must adopt next year’s budget by December 31 at midnight. If it exceeds this deadline, temporary financing from the budget will come into force, last for three months, and will be in accordance with the 2010 state budget.

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