Budget revenue was 635 billion dinars through July, while spending totalled 692 billion dinars, the Finance Ministry said in a statement on its website. The ministry gave no comparative figures for the same period of 2008.
Last month the International Monetary Fund (IMF) agreed to a rise in Serbia's 2009 budget deficit forecast to 4.5% of GDP from the 3.0% set initially under a 3.0 billion euro ($4.3 billion) loan deal signed with the lender in March.
Details from Serbia's consolidated budget follow as reported by the Finance Ministry (in billions of dinars):
H1 2009 | 2008 | |
PUBLIC REVENUE | 635 | 1,146 |
-TAX REVENUE | 561 | 1,000 |
-NON TAX REVENUE | 72 | 144 |
PUBLIC EXPENDITURES | 692 | 1,215 |
-SALARIES | 170 | 293 |
-SUBSIDIES | 33 | 78 |
BALANCE | -57.6 | -68.7 |
(1 euro= 93.7329 dinars)