Serbian state budget for 2005  The NBS has given its support to the Serbian State Budget for 2005, pointing out the following issues: •  Incomes:  Since incomes still account for a high portion of the GDP, incomes of budget beneficiaries (both direct and indirect ones) should not outstrip the growth of nominal domestic product (a slower-paced income growth would have a favorable effect on the increase of competitiveness of our economy and on overall macroeconomic stability).
Incomes in public companies (even if not financed from the budget) should be urgently placed under direct supervision of the Government/Ministry of Finance with the aim of establishing ex-ante the incomes levels. •  Restructuring:  The restructuring of large public companies should be accelerated, and the payment of subsidies should depend on the outcome of implemented reforms.