Serbian PM expects no budget deficit at end-April

Serbian PM expects no budget deficit at end-April Source: Serbian Government

BELGRADE (Serbia), April 21 (SeeNews) - Serbian prime minister Aleksandar Vucic has said the country's budget will show no deficit at the end of April, which will allow the government to increase salaries and pensions. 

The government has managed to save 470 million euro ($502.7 million) in the first four months of 2017 through increased revenue collection and cuts in spending, Vucic said on Thursday, according to an audio file posted on the government's website.

As of April 20, Serbia's budget showed a surplus of 20.4 billion dinars ($177 million/165 million euro), versus a deficit of between 53 billion dinars and 54 billion dinars agreed with the International Monetary Fund (IMF), Vucic said.

Earlier this month, Serbia's finance ministry said the budget balance had swung to surplus of 7 billion dinars in the first quarter of 2017, compared to 8.9 billion dinars deficit in the first three months of last year.

Budget revenue in the first quarter of 2017 came in 33 billion dinars above plan, while expenditure was 21.3 billion dinars below plan, the ministry said back then.

(1 euro = 123.475 dinars)

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