The structure and trends of public expenditure in the Republic of Serbia

• Published in: Ekonomija. Teorija i praksa (Online) Vol. 9; no. 1; pp. 53 - 63
• Main Authors: Kalas, Branimir, Pjanic, Milos, Andrasic, Jelena
• Format: Journal Article
• Language: English; Serbian
• Published: University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia 2016
• Subjects: public expenditures; structure; trend; types
• ISSN: 2217-5458; 2620-0228
• DOI: 10.5937/etp1601053K

In modern public finance, public expenditure is becoming one of the crucial issues. Public expenditures represent funds which are necessary to finance public needs. The process of determining their optimal level presents a permanent problem for all countries in the global economy. On the one hand, they have to be sufficient to cover all the public needs in order to enable the optimum activities of state, while their overgrowth, on the other hand, can lead to disruption of the necessary balance in public finances of a country. The aim of this paper is to point out the relevance of public expenditures in Serbia and focus on their structure and trends. In more precise terms, this paper is focused on their analysis in the period 2011-2015, whereby the reports and strategies taken into account were received from key institutions for public finance in Serbia, such as the Government of the Republic of Serbia, the Ministry of Finance and the Fiscal Council.