BELGRADE (Serbia), May 19 (SeeNews) – Serbia's government is considering a second revision of the state budget this year to reflect the impact of the coronavirus crisis, prime minister Ana Brnabic said.
The decision on whether to revise the state budget for a second time will depend on the revenues, Brnabic said in a statement on Tuesday.
The government has continued to implement all main infrastructure and research and development (R&D) projects this year despite the limitations introduced due to the coronavirus crisis, Brnabic also said.
Last month, the Serbian government revised the 2020 state budget, increasing the projected fiscal deficit to 381 billion dinars ($3.5 billion/3.2 billion euro) in order to cover the costs of measures aimed at limiting the impact of the coronavirus crisis.
A deficit of 20.2 billion dinars equivalent to 0.3% of the projected gross domestic product (GDP) was projected in the original 2020 budget approved by parliament in November.
In the first quarter of 2020, Serbia's budget showed a deficit of 46.9 billion dinars, compared to a surplus of 15.8 billion dinars in the like period of 2019, according to finance ministry data.
(1 euro = 117.581 dinars)