Budget

At 65.2 million euros, the proposed budget of the Cypriot Deputy Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures.

BELGRADE - The Serbian parliament passed the 2024 budget bill on Thursday.

Under the bill, budget revenues will total 2,040.9 bln dinars and expenditures will amount to 2,238 bln dinars.

One hundred and forty-five of 189 MPs in attendance voted in favour of the bill and 31 voted against, there were no abstentions and 13 MPs did not take part in the vote.

Finalized data on revenue for the first seven months of the year show that it exceeded the target set in the 2023 budget by €2.246 billion, or 7.1%, as VAT and income tax receipts exceeded expectations.

The National Economy and Finance Ministry tabled a supplementary state budget of 700 million euros on Wednesday to cover additional expenditures related to the government's support in 202 measures included in a new economy bill.

"Starting next year, the minimum wage is expected to reach BGN 940 (EUR 480) per month", said the Minister of Finance Rositsa Velkova in an interview with the National Radio.

Ljubljana – The government has formally initiated a revision of this year’s national budget by triggering provision of the act on public finances that allows it to temporarily suspend the implementation of expenditures. This will be followed by the drafting of a supplementary budget.

The caretaker cabinet Monday approved the budget estimate for the preparation and holding of the November 14 presidential and parliamentary elections, the government information service said. The cost is projected at 123.8 million leva, including a possible second round of the presidential elections.

The budgets of some ministries will get additional resources at the revision of the national budget, but proportional to a deficit of 7.16% or less, Prime Minister Florin Citu said on Monday. "Budget implementation will indicate whether or not we need to change something in the allocation of resources for budgets in order to keep the budget deficit target at the 7.16%.

Ministries that have not spent in the first semester the money they asked for must come up with solid arguments that the budget execution shall improve in the next 6 months, Prime Minister Florin Citu said on Monday. "As promised, the budget revision starts with an assessment of the budget execution for each ministry.

Prime Minister Florin Citu said today that a budget revision timetable has been set, which should be followed by separate analyses for each ministry, pointing also out that he is not satisfied with the budget execution so far. "The budget revision timetable has just been established.