Sitemap

GIZ: 15 Years Of Public Finance Reform

CorD Recommends

Serbia Charts the Course to Smart Cities with Kragujevac Leading the Way

In a significant development for urban planning...

Successful Japanese Culinary Workshop Held in Belgrade

The Japanese Embassy, in collaboration with Go...

AstraZeneca Celebrates Inauguration of New Office in Belgrade and 25th Anniversary Milestone

AstraZeneca, a global leader in healthcare innovation,...

French Embassy Launches Eco-municipality Contest in Serbia

The French Embassy in Serbia has announced...

Serbia Set to Become Europe’s Top Copper Producer with Zijin Mining Expansion

Zijin Mining has announced plans to increase the annual capacity of its Serbian project to 450,000 tonnes of copper...

ESG Adria Summit Launches in Montenegro

The second annual ESG Adria Summit kicked off today in Tivat, Montenegro, under the theme "Act now for a...

Modine Expands Serbian Operations with New Facility

Modine, a global leader in thermal management technology, has inaugurated a new 18,000-square-metre production plant in Sremska Mitrovica, Serbia,...

Novak Djokovic Wins Laureus Award for World’s Best Sportsman for Record Fifth Time

Novak Djokovic has won the Laureus award for the world's best sportsman for a record fifth time at a...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

On the 15th anniversary of the German Development Cooperation Project “Public Finance Reform in Serbia”, which is being implemented in cooperation with the Serbian Ministry of Finance, the German Organisation for International Cooperation (GIZ) presented the project’s results and announced the beginning of a new project under the slogan “Recipe for the Future”.

Representatives of the Embassy of the Federal Republic of Germany, Serbian Ministry of Finance, Tax Administration, State Audit Institution and GIZ addressed a large number of distinguished guests and representatives of the media at the celebration held at Aeroklub.

“By introducing a value-added tax system, revenues of over €35 billion have been generated so far”, said Catrin Meike Czyganowski, Head of the Economics Department at the Embassy of the Federal Republic of Germany. “This is equal to the gross national income that Serbia achieved last year. In the first survey in 2014, on a representative sample of several hundred companies to the question “How satisfied are you with the Tax Administration service?”, 42% of respondents answered “I am satisfied”, while in December 2017 the percentage of positive responses had increased to 52%.”

“The support we received in developing the “Public Finance Management Reform Programme 2016-2020″ is a strategic document, very important for Serbia in the European integration process and in the implementation of various negotiation chapters”, said State Secretary Mirjana Ćojbašić on behalf of the Serbian Ministry of Finance.

Director of the Tax Administration Dragana Marković emphasized the support for strengthening the preventive role of the Tax Administration, primarily through educating taxpayers and developing the tax culture. In that context, she mentioned campaigns such as the well-known “Pay your tax to get something good in return”, as well as the current school curriculum element “Tax Lesson”, which has so far been taught to over 1,000 pupils in nine elementary schools.

Radoslav Sretenović said: “I think this is a good recipe for the future of the public finances in Serbia and that we can expect even better results in a few years in the field of financial control, with systematic joint work of relevant state bodies supported by GIZ.

Dr Birger Nere, Project Leader of the Public Finance Reform Project on behalf of GIZ, greeted the guests informally, alluding to the similarity of the project and the popular reform cake. “Reform cake is an excellent symbol of public finance reform because for both you need a high-quality recipe, high-quality ingredients, appropriate equipment and people, but also time.”

Related Articles

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance of reform-driven progress over geopolitical...

Serbia Poised to Drive Regional Growth, Says German Ambassador

Germany's Ambassador to Belgrade, Anke Konrad, has expressed optimism about Serbia's capacity for accelerated progress towards European Union membership, suggesting the nation could become...

India Set to Overtake Japan and Germany, Eyeing Third Spot in Global Economy by 2027

India is poised for a monumental economic leap, projected to surpass Japan and Germany to claim the title of the world's third-largest economy by...

Brewing Trouble: Climate Change Impacts Key Ingredient for Beer

The production of popular beverages like coffee, tea, and wine is becoming increasingly difficult on a warming planet. Recent studies focusing on how climate...

£425M JUPITER: Europe’s Top Supercomputer in Making

A consortium comprising of Germany's Partec and France's Atos has announced their collaboration to develop Europe's inaugural supercomputer, JUPITER, capable of performing a quadrillion...

Comment

Moving Mountains

Bilateral relations between Serbia and Germany are marked by a strong partnership, particularly in the economic sphere. Even geopolitical crises, regional conflicts or high...

H.E. Anke Konrad, Ambassador Of Germany To Serbia

Berlin and Belgrade Remain Close

With the reform of the German citizenship law, the country’s federal government intends to create a modern immigration law that reflects the diversity of...

Milan Grujić, President Of The German-Serbian Chamber Of Commerce

Soaring Bilateral Trade Attracts German Investors

The forecast for the bilateral trade exchange between Serbia and Germany until year’s end is exceptionally optimistic, primarily driven by two consecutive years of...