Govt. to save RSD 37 billion through budget revision

The Serbian government will save RSD 37 billion (around EUR 325 million) through a budget revision, Minister of Economy and Finance Mlađan Dinkić says.

Izvor: Tanjug

Wednesday, 19.06.2013.

13:09

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BELGRADE The Serbian government will save RSD 37 billion (around EUR 325 million) through a budget revision, Minister of Economy and Finance Mladjan Dinkic says. It has harmonized the measures for stabilization of the state budget, structural reform of the public sector and structural reform for the improvement of business environment, it was announced on Wednesday. Govt. to save RSD 37 billion through budget revision Dinkic stated at today's conference in the Serbian government that the government will not change the revenues, since the economy is already overburdened, and that it can only reduce the expenditures by around RSD 50 billion (around EUR 439 million). He explained that new expenditures have been introduced so the net savings will amount to RSD 37 billion. The budget revision will enter the government's procedure on Wednesday, and it will be submitted to the parliament on Monday which will launch a debate. Dinkic said that there will be no freezing of salaries and pensions, and that after a two percent increase in April another increase of 0.5 percent is expected in 2013, while in 2014 there will be one increase of 0.5 percent in April and another one of one percent in October. There is no money for bigger raises, Dinkic said. (Tanjug) Tanjug

Govt. to save RSD 37 billion through budget revision

Dinkić stated at today's conference in the Serbian government that the government will not change the revenues, since the economy is already overburdened, and that it can only reduce the expenditures by around RSD 50 billion (around EUR 439 million).

He explained that new expenditures have been introduced so the net savings will amount to RSD 37 billion.

The budget revision will enter the government's procedure on Wednesday, and it will be submitted to the parliament on Monday which will launch a debate.

Dinkić said that there will be no freezing of salaries and pensions, and that after a two percent increase in April another increase of 0.5 percent is expected in 2013, while in 2014 there will be one increase of 0.5 percent in April and another one of one percent in October.

There is no money for bigger raises, Dinkić said.

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