Thursday, 3 December 2009

Finance Committee Members Talk to IMF Technical Mission Representatives

Today at the National Assembly House, the members of the Finance Committee met with the representatives of the IMF technical mission, headed by Richard Allen, Deputy Director of the IMF Fiscal Affairs Department.



Today at the National Assembly House, the members of the Finance Committee met with the representatives of the IMF technical mission, headed by Richard Allen, Deputy Director of the IMF Fiscal Affairs Department. The meeting focused on the introduction of the fiscal responsibility principle into the public finance system in the Republic of Serbia and the Committee’s role in it.

Committee Deputy Chairperson Branka Ljiljak and Committee members Vlajko Senic and Zoran Kasalovic presented the Committee’s sphere of competence stressing that a discussion on the State Audit Institution’s audit report on the financial statement of the Republic of Serbia 2008 Budget and the 2010 Budget Bill were the Committee’s main tasks in the upcoming period. The Committee Deputy Chairperson also added that the National Assembly Act was being drafted which would grant the Finance Committee wider jurisdiction primarily regarding the control over public finance. It was stressed that the Committee currently lacked adequate capacity for a control role and active participation in the adoption of the budget. The officials emphasised the importance of defining specific elements of fiscal responsibility for the future so as not to overstep the legal deadlines within which the budget should be adopted.

The representatives of the IMF technical mission briefed the Finance Committee members on the cooperation they enjoy with the Finance Ministry’s task group in the preparation of amendments and modifications to the Budget System Law pertaining to fiscal responsibility. They stated that, to this end, fiscal rules should be defined to limit fiscal indebtedness and fiscal deficit, limit the expenditure of state institutions and introduce the institute of fiscal council, an independent body that controls the state’s fiscal policy.

In the meeting, the unstable political situation was declared the main culprit of Serbia’s fiscal irresponsibility. It was also pointed out that the Committee had lent the State Audit Institution its full support, as well as the importance of discussing the audit report on the 2008 Final Budget at a Finance Committee sitting.


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tuesday, 23 june
  • 9.00 - sitting of the Agriculture, Forestry and Water Management Committee (National Assembly House, 13 Nikola Pasic Square, hall 2)

  • 9.00 - sitting of the of the Committee on the Judiciary, Public Administration and Local Self-Government (National Assembly House, 13 Nikola Pasic Square, hall 3)

  • 10.00 - continuation of the Seventh Extraordinary Session of the National Assembly of the Republic of Serbia, 14th Legislature (National Assembly House, 13 Nikola Pasic Square)

  • 10.15 - sitting of the Committee on Spatial Planning, Transport, Infrastructure and Telecommunications (National Assembly House, 13 Nikola Pasic Square, hall 4)

  • 11.00 - award ceremony for the student winners of republic competitions in 2025/2026 and presentation of thank you notes for their teachers – mentors (National Assembly House, 13 Nikola Pasic Square, Small Hall)

  • 11.00 - sitting of the Defence and Internal Affairs Committee (National Assembly House, 13 Nikola Pasic Square, hall 2)

  • 12.00 - sitting of the Health and Family Committee (National Assembly House, 13 Nikola Pasic Square, hall 4)

  • 12.00 - sitting of the Committee on Constitutional and Legislative Issues (National Assembly House, 13 Nikola Pasic Square, hall 3)

  • 12.30 - press conference of the MPs of the Green-Left Front – Don’t Let Belgrade D(r)own Parliamentary Group (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 13.00 - presentation of the publication “Under the banner of humanitarian diplomacy: 25 years of diplomatic relations between the Order of Malta and Serbia” (National Assembly House, 13 Nikola Pasic Square, Small Hall)

  • 14.00 - MP Marijan Risticevic meets with a Chinese delegation (National Assembly House, 13 Nikola Pasic Square, hall 3)

  • 14.00 - sitting of the of the Committee on the Judiciary, Public Administration and Local Self-Government (National Assembly House, 13 Nikola Pasic Square, hall 4)

  • 15.00 - press conference of the MPs of the People’s Movement of Serbia – New Face of Serbia Parliamentary Group (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 15.15 - press conference of MP Milenko Jovanov (National Assembly House, 13 Nikola Pasic Square, Central Hall)

Full event calendar