Financing of the category I and II state road maintenance in the Republic of Serbia

Abstract

Investment in roads, apart from traffic benefits, has significant effect on development due to influence on overall commercial flows. Road maintenance works serve the purposes of built roads which are primarily to ensure safety of traffic flow, transport of population and goods, to connect people and to improve their living and working conditions. Maintenance works are required for protection of roads, as civil engineering structure, against damaging influences, or in other words real value and usability of road shall be kept (protection of previously invested capital). Therefore, roads have to be maintained continuously in order to be achieved undisturbed and safe traffic flow. Current traffic-economic development needs have surpassed available funds in great extent. Financing system of state roads of category I and II has not ensured sufficient and stable funds for the required level of investment.

Keywords

• state roads of category I and II
• road maintenance
• financing system
• excise
• subvention