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Serbia's 7-mo Cons Budget Gap at 57.6 Bln Dinars (615 Mln Euro)

Sep 7, 2009, 7:21:21 PMArticle by Iskra Pavlova
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September 7 (SeeNews) - Serbia had a consolidated budget deficit of 57.6 billion dinars ($881 million/615 million euro) in the first seven months of 2009, Finance Ministry data indicated.

Serbia's 7-mo Cons Budget Gap at 57.6 Bln Dinars (615 Mln Euro)

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)


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