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Shortfall in State Treasury at End of May 99.7 Billion Dinars, Officials Say - Better Than Plan by 101 Billion
๐Ÿ‡ท๐Ÿ‡ธ Serbia /Economy & Trade

Shortfall in State Treasury at End of May 99.7 Billion Dinars, Officials Say - Better Than Plan by 101 Billion

From N1 Serbia · () Serbian

Translated from Serbian, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Serbia's budget deficit from January to May was 99.7 billion dinars, exceeding the plan by 101 billion dinars.
  • The planned deficit for this period was 200.7 billion dinars, indicating better-than-expected fiscal performance.
  • In May alone, the deficit was 56 million dinars, with revenues slightly exceeding expenditures.

Serbia's state budget recorded a deficit of 99.7 billion dinars between January and May of this year, according to the Ministry of Finance. This figure is significantly better than the initially planned deficit of 200.7 billion dinars for the same period.

The Ministry highlighted that the actual deficit was 101 billion dinars lower than projected, demonstrating a more favorable fiscal outcome than anticipated. This suggests effective fiscal management or stronger-than-expected revenue collection.

In May specifically, the budget deficit stood at 56 million dinars. During that month, revenues totaled 206.3 billion dinars, with tax revenues accounting for the largest portion at 178.7 billion dinars. Value-added tax (VAT) was the primary contributor to tax income, followed by excise duties.

Expenditures for May also amounted to 206.3 billion dinars. Key spending areas included employee costs, transfers to various funds, capital expenditures, and spending on goods and services, as well as social protection and subsidies.

DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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