Out of 250 deputies, 203 voted in favour of Serbia’s revenue-oriented 2022 budget, while one MP abstained.
Serbia’s Prime Minister Ana Brnabic said that the budget was adopted in times of crisis, adding it relied on everything that was done last year. She praised the Government for implementing three packages of a total of eight billion euros worth of financial assistance for businesses and citizens.
The budget is higher on the revenue side and slightly lower on expenditures in relation to the 2021 budget review. The Government plans to allocate 1,561.8 billion dinars to the state treasury. Next year, the budget stipulates costs at 1.717 billion dinars, putting the estimated deficit at three percent. The entire budget is tailored to the projected economic growth of 4.5 percent.
That is followed by an increase in salaries in the public sector by seven percent, and for health care workers, army and social services workers by eight percent.
The Government also says that the calculation of pensions with the Swiss formula has begun.
Most of the money, 486 billion dinars, will be spent on capital investments, higher than in previous years. Most of this money will go towards transport infrastructures like roads and railways and projects such as the Belgrade subway system and the National Stadium.
Earlier, Fiscal Council has sharply criticised the Government for having no financial justification to implement projects such as the subway and the stadium at the current time. The Council doesn’t question the need for the underground, but rather the way it’s planned and the money it would cost to build. As for the National Stadium idea, many experts see it as ridiculous since Belgrade already has two big soccer stadiums.
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