3 October 2016 Participants of the second meeting of the Economic Caucus
Monday, 3 October 2016
Second Meeting of National Assembly Economic Caucus
At its second meeting, held at the National Assembly House, the Economic Caucus reviewed the Bill amending the Law on Financing Local Self-Governments, elaborated by Minister of Public Administration and Local Self-Government Ana Brnabic.
She said that the chief reason why the Law needs to be amended is to adjust the reallocation of revenue realised from income tax between the local self-government units and the Republic of Serbia. The proposed amendments result in the reallocation of income tax funds in the amount of 4.8 billion RSD from the local level to the level of the republic, as a fiscal consolidation measure aimed at reducing the overall fiscal deficit and maintaining macroeconomic stability.
The meeting was also attended by the members of the National Alliance for Local Economic Development (NALED) who take active part in defining legislation of significance for the economy of the Republic of Serbia.
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