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Serbia's 10-mo budget surplus rises

Author Radomir Ralev
Serbia's 10-mo budget surplus rises Source: EPS

BELGRADE (Serbia), December 9 (SeeNews) - Serbia's budget surplus grew to 64.8 billion dinars ($610.2 million/551.4 million euro) in the first ten months of 2019 from 61.1 billion dinars in the prior-year period, official figures showed.

Primary budget surplus rose to 166 billion dinars in January-October from 159 billion dinars in the like period of 2018, according to data published by the finance ministry last week.

Total budget revenues increased to 1.048 trillion dinars from 973.5 billion dinars, while expenditure went up to 983.1 billion dinars from 912.3 billion dinars in the first ten months of 2018.

Tax revenues rose to 911.3 billion dinars in January-October 2019 from 838.8 billion dinars a year earlier, non-tax revenues decreased to 129.1 billion dinars from 130 billion dinars, and grants went up to 6.6 billion dinars from 5.5 billion dinars.

On the expenditure side, current expenditure rose to 853.4 billion dinars, from 786.6 billion dinars, while capital expenditure climbed to 116 billion dinars from 105.2 billion dinars in January-October 2018.

In October alone, Serbia reported a budget surplus of 14.9 billion dinars, based on revenues of 118.7 billion dinars and expenditure of 103.9 billion dinars. The primary surplus totalled 20 billion dinars.

Serbia's budget was in surplus of 32.2 billion dinars in 2018, compared to a surplus of 33.9 billion dinars in the previous year.

(1 euro = 117.451 dinars)