About the Parliamentary Budget Office
The Parliamentary Budget Office (PBO) was established in accordance with the Memorandum of Understanding between the National Assembly of the Republic of Serbia (NARS) – Committee on Finance, State Budget and Control of Public Spending – and the Westminster Foundation for Democracy (WFD) No. 011-2224/15 signed on September 18th 2015 in Belgrade.
The NARS thus became one of the growing number of parliaments throughout the world which have established such offices over the previous 20 to 30 years to strengthen financial oversight of the government, in particular the processes of adoption and execution of the budget.
The aim of establishing the PBO is to provide research support to the working bodies – primarily to the Committee on Finance, State Budget and Control of Public Spending – in overseeing fiscal and economic policies.
PBO commenced its activities on December 1st 2015, when four researchers were engaged.
Until March 2018 the PBO will be jointly supported by the NARS and WFD, and afterwards it is planned to become fully integrated within the organizational structure of the NARS.