He was an advisor to Srđan Kružević during his tenure as the director of Elektrovojvodina, a deputy provincial secretary for energy, and briefly a member of the City Assembly of Novi Sad in 2016.

Basta was appointed minister of economy in the third cabinet of Ana Brnabić in October 2022.

[4][8] In September 2018, he became the president of the Belgrade Power Plants, a public communal company.

[1][4][10] Marko Bastać, then a member of the Party of Freedom and Justice (SSP), accused Basta of leading security guards that allegedly beat a group of people after the promotion of Goran Vesić's book in October 2019.

[11] During Vesić's tenure as deputy mayor of Belgrade, Basta served as his associate.

[12][17] Dragan Marković, the leader of JS, and Ivica Dačić, the leader of the Socialist Party of Serbia submitted a proposal to dismiss Basta from the government on 22 June due to his support for introducing sanctions against Russia.

[18][19] Siniša Mali took over his function on the same day,[20][21] while the National Assembly dismissed him on 11 July.

[23] He also proposed that the government of Serbia should establish the National Corporation for Atomic Energy.

[4] He received the "Captain Miša Anastasijević" award in December 2012 for his contribution to the development of entrepreneurship and social creativity.