Tuesday, 15 November 2005

42nd session of the Finance Committee

At the Committee’s session held on 15 November 2005, members of the Finance Committee of the National Assembly of the Republic of Serbia endorsed, in principle, the the Bill on the Budget of the Republic of Serbia for 2006, with its accompanying Memorandum on the Budget and Economic and Fiscal Policy for 2006, projections for 2007 and 2008, and proposals of decisions granting consent to financial plans for 2006 of the Republic Fund for Pension and Disability Insurance of Employees, the Republic Fund for Pension and Disability Insurance of Farmers, the Republic Fund for Pension and Disability Insurance of Private Entrepreneurs, the Republic Health Insurance Agency, and the National Employment Service.


At the Committee’s session held on 15 November 2005, members of the Finance Committee of the National Assembly of the Republic of Serbia endorsed, in principle, the the Bill on the Budget of the Republic of Serbia for 2006, with its accompanying Memorandum on the Budget and Economic and Fiscal Policy for 2006, projections for 2007 and 2008, and proposals of decisions granting consent to financial plans for 2006 of the Republic Fund for Pension and Disability Insurance of Employees, the Republic Fund for Pension and Disability Insurance of Farmers, the Republic Fund for Pension and Disability Insurance of Private Entrepreneurs, the Republic Health Insurance Agency, and the National Employment Service.
The Bill on the Budget of the Republic of Serbia for 2006 was presented by the Minister of Finance in the Government of the Republic of Serbia, Mladjan Dinkic. Mr Dinkic underlined that aims of economic policy in 2006 should be to preserve a high rate of economic growth, reduce public spending, ensure that there is a surplus in the budget, reduce inflation, and continue structural reforms.
Presenting the Bill to members of the Finance Committee, Mr Dinkic also said that a budget surplus of 39.6 billion dinars was projected for 2006.
The session was chaired by the deputy chairman of the Finance Committee, Radojko Obradovic.


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