Budžeti kneževine Srbije od 1844. do 1858.
Budgets of the Principality of Serbia in the Period between 1844 and 1858

Summary/Abstract: Budgeting in Serbia has existed ever since the time of Prince Miloš Obre nović, and the prince himself oversaw it. But since 1842 the State Council oversaw the budgets. Th e reason why these budgets weren’t really budgets in today’s sense of the word was the fact that the State Council didn’t assemble the budgets of revenues and expenditures on their own. In fact, the ministers would assemble budgets for their ministries and then the State Council would be given a closer look at them. Th e minister of finances would also assemble a budget of realized revenues, based on which the budgets of planned revenues would be made. This way of assembling budgets was kept in practice until 1858 when the Budget Law was passed. This law stated that a budget should take into consideration all revenues and expenditures and take care that expenditures would not be greater than revenues. In the time of the so called Defenders of the Constitution the balance between revenues and expenditures was broken due to the fact that budgets with a deficit would be passed, without a clear plan of covering the deficit. The tendency of expenditures grows and the inability to increase revenues resulted in the fact that, in the period from 1844 to 1854 five budgets years ended with a deficit.

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