National Assembly of the Republic of Serbia / Activities / Activity details
Wednesday, 22 December 2010
Sixty-Fifth Sitting of the Finance Committee
At the sitting held on 22 December, the Finance Committee considered six of the Bills included in the agenda for the Eighth Sitting of the Second Regular Session of the National Assembly in 2010, in principle.
At the sitting held on 22 December, the Finance Committee considered six of the Bills included in the agenda for the Eighth Sitting of the Second Regular Session of the National Assembly in 2010, in principle. One of them is the Bill on the 2011 Budget of the
Elaborating next year’s budget proposal, Minister of Finance Diana Dragutinovic said that its structure was similar to this year’s budget and its main characteristics were achieving a decreased fiscal deficit, increased transfer to local self-governments and a 10% increase in social welfare allocations.
The proposed budget envisages 724.4 billion RSD of income and 844.9 billion RSD of expenditure so that the budget deficit would amount to 120.5 billion RSD.
Minister Dragutinovic said that the consumption, excise and value added taxes are the most significant in the budget income structure as they make up more than 70% of the total budget income, while in expenditure four fifths go to fixed expenditure, and discretionary expenditure makes up 10%. She stressed that one of the most important characteristics of the budget was the unfreezing of salaries and pensions in January next year.
The Committee members endorsed the 2011 Budget Bill, with its accompanying proposals of decisions, in principle.
Minister Dragutinovic also elaborated the Bill amending and modifying the Budget System Law.
The Committee also completed a debate in principle on the Bills amending and modifying the Property Tax Law, amending and modifying the Law on the Tax Payable on the Use, Keeping and Carrying Goods, amending the Excise Tax Law and amending and modifying the Value Added Tax Law, elaborated by Ministry of Finance representatives. They pointed out that the amendments and modifications to these laws would ensure a higher budgetary income in the next year.
The Committee endorsed the Bills in principle.
The sitting was chaired by Zoran Krasic, Committee Chairman.
Committees related to this activity
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9.00 - sitting of the Committee on Spatial Planning, Transport, Infrastructure and Telecommunications (National Assembly House, 13 Nikola Pasic Square, hall 3)
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9.20 - press conference of the NEW DSS – POKS (NADA) Parliamentary Group (National Assembly House, 13 Nikola Pasic Square, Central Hall)
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9.30 - sitting of the European Integration Committee (National Assembly House, 13 Nikola Pasic Square, hall 4)
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9.30 - press conference of the Ecological Uprising Parliamentary Group (National Assembly House, 13 Nikola Pasic Square, Central Hall)
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9.30 - sitting of the Defence and Internal Affairs Committee (National Assembly House, 13 Nikola Pasic Square, hall 2)
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10.30 - sitting of the Foreign Affairs Committee (National Assembly House, 13 Nikola Pasic Square, hall 4)
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12.00 - public hearing of the Culture and Information Committee on the topic: Public interview with the proposed candidates for Regulatory Authority for Electronic Media Council members (National Assembly Building, 14 Kralja Milana Street, office 53)
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15.00 - the PFG with Italy, the Holy See and the Sovereign Order of Malta meets with the Italian delegation to the Central European Initiative Parliamentary Dimension (National Assembly House, 13 Nikola Pasic Square, hall 2)