Public discussion on 2017 draft budget initiated

Yesterday, the Serbian MPs started a public discussion about the 300 amendments to the 2017 draft budget and relevant bylaws.

The Finance Minister Dusan Vujovic says that the debate would continue into Thursday and Friday in order for the 2017 draft budget to be improved. The projected budget revenue in 2017 is supposed to be 1,029 billion dinars, and the expenditures 1,162 billion dinars (1,119 billion in 2016) which puts the budget deficit at 69.1 billion dinars.

The general discussion about the draft budget was finished on Tuesday when the Serbian PM Aleksandar Vucic gave a speech at the National Parliament saying that the budget envisaged the lowest ever deficit in the modern Serbian history of 69.1 billion (1.7% of the national GDP) and that the next year’s budget was realistic.

The opposition MPs, however, say that the deficit is lower to the detriment of citizens and the economy. As far as the GDP growth goes, the budget projects 3%, while the annual inflation rate in 2017 is projected at 2.4%.

(Beta, 07.12.2016)

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