National Assembly of the Republic of Serbia / Activities / Activity details
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
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
The Committee members adopted the Bill on the 2012 Budget of the
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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11.00 - sitting of the Defence and Internal Affairs Committee (National Assembly House, 13 Nikola Pasic Square, hall 2)
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11.00 - sitting of the of the Committee on Education, Science, Technological Development and the Information Society (National Assembly House, 13 Nikola Pasic Square, hall 4)
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11.00 - judges elected to judicial office for the first time take the oath of office before the National Assembly Speaker (National Assembly House, 13 Nikola Pasic Square, Small Hall)
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11.30 - the National Assembly Speaker meets with the Ukrainian Ambassador (National Assembly Building, 14 Kralja Milana Street)
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12.00 - opening of the exhibition marking 150 years since the birth of Mileva Maric Einstein (National Assembly House, 13 Nikola Pasic Square, Central Hall)
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12.00 - sitting of the Committee on the Judiciary, Public Administration and Local Self-Government (National Assembly House, 13 Nikola Pasic Square, hall 3)
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13.00 - sitting of the Agriculture, Forestry and Water Management Committee (National Assembly House, 13 Nikola Pasic Square, hall 3)
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17.00 - sitting of the Committee on Constitutional and Legislative Issues (National Assembly House, 13 Nikola Pasic Square, hall 4)
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17.05 - National Assembly Deputy Speaker at the AEPA Association if Lawyers Conference: NO MORE SILENCE – ME AGAIN (National Assembly House, 13 Nikola Pasic Square, Small Hall)