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The Tax Council of Serbia has estimated that the budget deficit in the draft budget of Serbia for 2019 is good and that it will lead to a further reduction of the public debt from 54 to 51.5% of gross domestic product . However, they also say that investments in road infrastructure, education and health are inadequate.
Pavle Petrovic, President of the Budget Council, said the budget did not include effective measures to accelerate economic growth or inadequate allocation in the areas of infrastructure, education and health.
"Investments in road infrastructure, education and health care are insufficient.It took 200 million euros more than budgeted," said Petrovic at a conference of press.
He added that "instead of investing in economic growth, the money planned in the next year's budget" was going to "equip the army and the police and to increase wages.
Petrović added that Serbia's growth remains below the average of Central and Eastern European countries, with which we can compare and assess that this gap will continue.
He added that the funds envisaged for infrastructure investments are mainly intended for the expropriation of land and that real investments will remain at this year's level.
With regard to capital investments, the Budget Council estimated that the budgeted expenditure amounted to 165 billion dinars, but most of them related to the purchase of capital. equipment for the army and the police.
Increases in wages, moguls, pay grades
Petrović estimated that the wage increase in the public sector, which was budgeted, was stable and that this should have been solved by the salary steps.
"Salaries in the public sector will increase on average by an average of nine percent, which is twice as high as in the private sector," Petrović said.
He also pointed out that the budget procedure was again violated, as the debate would only take a few days instead of a month, even if fiscal stability was not necessary.
Petrović said the Tax Council was supporting the withdrawal of the pension reduction law, while urging the Serbian government to clearly define how pensions would be regulated in the future, with growth to be in line with the pension plan. inflation and GDP.
Poor EPS activity has reduced its GDP growth rate
The Chairman of the Tax Council, Pavle Petrovic, said that it was justified to abolish half of temporary wage cuts of 5% in state-owned enterprises, but not in Elektroprivreda Srbije (EPS), this company owned to the state having not even reduced the net profit of employees at the end of 2014, will increase in the coming years.
"At the same time, with the increase in wages, BPA has reduced investments and they are less than depreciation," said Petrović at a press conference on the estimated budget for 2019.
He added that the poor EPS activity in 2017 had reduced the growth rate of gross domestic product (GDP) across the country.
He said that it was not justified to increase the average salary in this company to nearly 90,000 dinars next year and to around 94,000 in 2020, and that these funds should be invested.
According to the official data of the Budget Council, the average net salary in EPS is 79,657 dinars in 2014, 79,979 in 2016, 81,789 in 2016 and 84,205 dinars in 2016.
Petrović said that, if a government decision is respected, the average net salary in EPS would be 72,488 in 2015 and about 73,000 dinars in 2016 and 2017.
Asked about the number of employees employed by this state-owned enterprise and on the amount of severance pay, the Chief Economist of the Tax Council, Danko Brčerević, said that there was no reliable data on this because the employment contract and the Kosovar workers working in this company were not reliable.
"EPS, with generous severance pay, has been abandoned for a year, for example, about 2,000 workers.The next year it will take about the same amount.These are uncontrolled processes," said Brcerevic .
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