Serbian parliament session (BETAPHOTO/AMIR HAMZAGIC)
On Oct. 26 the Serbian parliament adopted a budget bill for 2024 which envisages a total RS2,040.9bn in income or RSD136.9bn (7.2 percent) more than last year.
A fiscal deficit of RSD197bn is planned which is 2.2 percent of GDP and is lower than the planned deficit for this year which is supposed to equal 2.8 percent of GDP according to the revised budget for this year.
The projected economic growth rate for 2024 is 3.5% of GDP while the public debt is supposed to amount to 51.7 percent of GDP.
According to the new budget pensions will be higher by 14.8 percent as of Jan. 1, 2024 while public sector salaries will increase by 10 percent and the minimum wage will be hiked by 17.8 percent. The budget was adopted with 145 votes for and 31 against.
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