Monday, December 7, 2009

Budget adoption could miss deadline



Belgrade,Dec.7th 2009 (Serbia Today) – Speaker of the Parliament, Slavica DJukic-Dejanovic, said on Saturday that the 2010 budget will be adopted by December 20, 5 days after the legally mandated deadline.
Speaker Parliament Slavica DJukic-Dejanovic said on Saturday that the 2010 budget will be adopted by December 20th, reported to Serbian news service B92.
According to the law, the government must adopt the budget by November 1 and the parliament must confirm it by December 15th.
Government officials said that it is possible that rules will be adopted for those responsible for such tardiness in the future to have to face some kind of consequences.
On the other side, opposition officials said that the tardiness will further affect the poor business climate in Serbia and discourage possible foreign investors.
Although the budget has been adopted late with regularity, most observers see the progress in the reforms, and the sizable overhaul of the system in Serbia positively.

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