URS on decentralization

Great to hear that someone in the Serbian Government has a basic understanding of market principles; decentralising the budget would allow a fairer distribution of revenue, without redistributing wealth, per se. If individual municipalities were responsible for their own fiscal policies (i.e. providing welfare, basic infrastructure, policing etc.), then the money will be spent more fruitfully and efficiently, as naturally, each municipality would be more informed as to how to distribute revenue as opposed to some bloke sitting in Belgrade. Poorer municipalities (i.e. those in Sandzak and southern Serbia) would naturally require more revenue to be received from the Government in order to keep themselves sustainable, and those which have stronger industries and generally richer citizens (Nis, Novi Sad etc.) can garner enough revenue for themselves without Belgrade having to subsidise their budget too much, so the Federal Government won't be losing out. Hence, a lot of the tax can be redistributed straight to the municipalities, minimising the chance of socialist-styled big governments bungling it all up through their own redistribution, possibly saving the economy in the short-term and providing a back-bone for a better economic future. Win-win.

Great to hear that someone in the Serbian Government has a basic understanding of market principles; decentralising the budget would allow a fairer distribution of revenue, without redistributing wealth, per se. If individual municipalities were responsible for their own fiscal policies (i.e. providing welfare, basic infrastructure, policing etc.), then the money will be spent more fruitfully and efficiently, as naturally, each municipality would be more informed as to how to distribute revenue as opposed to some bloke sitting in Belgrade. Poorer municipalities (i.e. those in Sandzak and southern Serbia) would naturally require more revenue to be received from the Government in order to keep themselves sustainable, and those which have stronger industries and generally richer citizens (Nis, Novi Sad etc.) can garner enough revenue for themselves without Belgrade having to subsidise their budget too much, so the Federal Government won't be losing out. Hence, a lot of the tax can be redistributed straight to the municipalities, minimising the chance of socialist-styled big governments bungling it all up through their own redistribution, possibly saving the economy in the short-term and providing a back-bone for a better economic future. Win-win.