Serbia's budget deficit for four months is 99.6 billion dinars, better than planned

Serbia recorded a republican budget deficit of 99.6 billion dinars in the first four months of this year, according to the Ministry of Finance. This performance significantly outperformed the planned deficit of 186.2 billion dinars, resulting in a better-than-expected outcome by 86.5 billion dinars.

The ministry's report, published on its website, indicated that the deficit in April alone stood at 1.7 billion dinars. During April, total revenues reached 202.6 billion dinars. Tax revenues formed the largest portion, amounting to 174 billion dinars. Within tax revenues, Value Added Tax (VAT) contributed 99.4 billion dinars, excise taxes added 26.2 billion dinars, and profit tax collected was 24.8 billion dinars.

Non-tax revenues for April totaled 27.5 billion dinars. The country also received 1.1 billion dinars in donations during the month. Expenditures for April were executed at 204.4 billion dinars. Key spending areas included employee costs at 55.2 billion dinars, transfers to social security funds (pension, health, employment) at 32.6 billion dinars, and capital expenditures at 32.2 billion dinars. Subsidies amounted to 20.9 billion dinars, while spending on goods and services was 20 billion dinars, and social protection costs reached 19.2 billion dinars.

On the level of the general government sector, the fiscal deficit for the first four months reached 106.2 billion dinars. The primary fiscal deficit, which excludes interest payments, was 51 billion dinars for the same period. The Ministry of Finance released these figures, highlighting the country's fiscal management.