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Serbia's 9-mo Cons Budget Gap at 80.9 Bln Dinars (816.5 Mln Euro)

Nov 6, 2009, 3:55:00 PMArticle by Denitsa Koseva
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November 6 (SeeNews) - Serbia had a consolidated budget deficit of 80.9 billion dinars ($1.3 billion/816.5 million euro) in the first nine months of 2009, Finance Ministry data indicated.

Serbia's 9-mo Cons Budget Gap at 80.9 Bln Dinars (816.5 Mln Euro)

Budget revenue was 823.2 billion dinars through September, while spending totalled 904.1 billion dinars, the Finance Ministry said in a statement on its website. The ministry gave no comparative figures for the same period of 2008.

The International Monetary Fund has 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 ($4.5 billion) loan deal signed with the lender in March.

Economy Minister Mladjan Dinkic said last month the country’s budget deficit will total 4.0% of the projected GDP next year. He added Belgrade will need 1.6 billion euro to bridge its budget gaps in 2009 and 2010.

Details from Serbia's consolidated budget follow as reported by the Finance Ministry (in billions of dinars):

Jan-Sept 2009 2008
PUBLIC REVENUE 823.2 1,147
-TAX REVENUE 724.0 1,000
-NON TAX REVENUE 96.8 143
PUBLIC EXPENDITURES 904.1 1,214
-SALARIES 217.9 293
-SUBSIDIES 44.5 78
BALANCE -80.9 -67

(1 euro=93.9054 Serbian dinars)

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