The Serbian National Assembly adopted on Friday the Budget Law for 2019, with 141 votes in favor, and none against or abstained.
149 (out of 250) people’s deputies (members of the Assembly) were in attendance, Tanjug reported.
According to the Serbian government, the new budget envisages revenues of RSD 1,246.2 billion and expenditures of RSD 1,269.1 billion, so the deficit will be RSD 22.9 billion, which is 0.4 percent of the expected gross domestic product (GDP).
The budget is projected on the basis that the GDP growth will be 3.5 percent next year, and that inflation will amount to 2.3 percent.
The budget envisages funds to increase salaries in the public sector from seven to 12 percent, so that the total salary fund at all levels of government in 2019 will be higher by RSD 33 billion than this year, while allocations for pensions from the state budget and the Pension and Disability Insurance Fund (PIO) will be increased by RSD 35 billion.
RSD 165.5 billion is envisaged for capital investments, which is 30 percent more than this year.
- Macroeconomic conditions see "major improvement"
- EBRD's first investment in local currency bond in Serbia
- Serbia's Erste bank raises 3.5 billion dinars via 2-yr bond sale
- Notable performance of Serbian arms industry in Abu Dhabi
- Coca-Cola to acquire Bambi in Serbia for EUR 260 million
- Improvement of food quality and safety in Serbia
- Partnership with VINCI "strategically important" for Serbia
- "2018 record year for Serbian tourism" - driven by Chinese
- Permit issued to build Serbia's tallest building
- Serbia picks Lazard-led consortium to advise on major bank sale