The State Does not Have Records on Property, Therefore Has Lost Significant Income Over the Years

17 July 2015.
The State Does not Have Records on Property, Therefore Has Lost Significant Income Over the Years
Republic of Serbia does not possess precise data on number and value of its real estate, due to failure to act by competent authorities and beneficiaries, and due to regulatory deficiencies, Mr. Radoslav Sretenovic, Auditor-Gneneral of the State Audit Institution, said. During the presentation of the Performance Audit Report titled "Utilization of Real Estate Owned by the Republic of Serbia", Mr. Sretenovic emphasized that the Government has no control over utilization of real estate due to lack of centralized system, as well as due to irresponsible behavior of benficiaries and competent authorities.