City of Belgrade adopts budget rebalance for 2014

Slobodan Milosavljevic (Photo: beograd.rs)

At today’s meeting, parliament members of the City Assembly have adopted budget rebalance for Belgrade for 2014.

– The rebalance was adopted because higher profits than planned were generated and cost structure changed – the city secretary for finance, Slobodan Milosavljevic, said.

Thus, total budget both in profit and loss decreased by RSD 1,4 billion.

Parliament members of the City Assembly also changed the Decision on the scope of funds for city affairs and city municipalities as well as defining profit assigned to the city i.e. city municipalities in 2014.

According to Slobodan Milosavljevic, the scope of funds for municipalities does not change but the city framework changed and it decreased for 1,4 billion dinars.