Friday, 23 December 2011

Ninety-Fourth Sitting of the Finance Committee

At the sitting held on 23 December, the Finance Committee considered, in principle, the Bill on the 2012 Budget of the Republic of Serbia, with its accompanying proposals of decisions granting consent to the 2012 financial plans of: 1) the Republic Fund for Pension and Disability Insurance, 2) the Republic Health Insurance Fund, 3) the National Employment Service.


State Secretary at the Ministry of Finance Dusan Nikezic stated that the envisaged budgetary income amounts to 750 billion RSD, and expenditure to 890 billion. The planned 140 billion deficit is below 4.5% of the national product which complies to Serbia’s programme with the IMF. Nikezic pointed out that, looking at the functional structure, the proposed budget is frugal.

Dr Pavle Petrovic, President of the Fiscal Council, stressed that the Fiscal Council suggested that it would be better if the envisaged budget deficit stayed below 4.5% even though the percentage complied with the IMF programme. Petrovic stated that, by the end of 2012 the public debt could exceed 50% of the gross domestic product which could be a problem. The President of the Fiscal Council stated that the current economic trends point to a possible stagnation for Serbia next year and a 0% economic growth rate.

The Committee members adopted the Bill on the 2012 Budget of the Republic of Serbia, with its accompanying proposals of decisions granting consent to the 2012 financial plans of: 1) the Republic Fund for Pension and Disability Insurance, 2) the Republic Health Insurance Fund, 3) the National Employment Service, in principle.

The Committee went on to consider and adopt, in principle, the Bill amending and modifying the Excise Tax Law, submitted by the Government. State Secretary Nikezic stated that the amendments and modifications pertain to tobacco excise tax and in fact are aimed at harmonising the excise policy with European Union standards.

The sitting was chaired by the Committee Chairman, Zoran Krasic.


Committees related to this activity



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thursday, 8 december
  • 8.30 - the National Assembly Speaker meets with the Chairperson of the Standing Committee of the Council of the Republic of Belarus for Economy, Budget and Finances and the Ambassador of Belarus in Serbia (National Assembly House, 13 Nikola Pasic Square, hall 1)

  • 10.00 - continuation of the Third Sitting of the Second Regular Session of the National Assembly of the Republic of Serbia in 2022 (National Assembly House, 13 Nikola Pasic Square)

  • 11.00 - press conference of the HOPE – NEW DSS – POKS Parliamentary Group (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 12.00 - sitting of the Subcommittee on Sports (National Assembly House, 13 Nikola Pasic Square, hall 3)

  • 12.00 - National Assembly Speaker and PABSEC President Dr Vladimir Orlic to address PABSEC General Assembly Spring Session (Hilton Hotel, 35 Kralja Milana Street)

  • 12.00 - sitting of the Committee on Administrative, Budgetary, Mandate and Immunity Issues (National Assembly House, 13 Nikola Pasic Square, hall 2)

  • 13.00 - ceremonial welcome of the Speaker of the Grand National Assembly of the Republic of Turkey (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 13.05 - the National Assembly Speaker meets with the Speaker of the Grand National Assembly of the Republic of Turkey (National Assembly House, 13 Nikola Pasic Square, hall 1)

  • 13.40 - press conference of the National Assembly Speaker and Speaker of the Grand National Assembly of the Republic of Turkey (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 14.15 - press conference of MPs Janko Veselinovic, Anna Oreg, Danijela Grujic, Borislav Novakovic, Jelena Kalajdzic and Dragana Rakic (National Assembly House, 13 Nikola Pasic Square, Central Hall)

  • 15.00 - sitting of the European Integration Committee (National Assembly House, 13 Nikola Pasic Square, hall 2)

  • 15.00 - the PFG with Belarus meets with the delegation of the Council of the Republic of the National Assembly of the Republic of Belarus (National Assembly House, 13 Nikola Pasic Square, hall 3)

  • 15.30 - sitting of the Committee on Administrative, Budgetary, Mandate and Immunity Issues (National Assembly House, 13 Nikola Pasic Square, hall 2)

Full event calendar