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Serbia's Jan-June budget gap narrows to 35.7 bln dinars (304 mln euro)

Author Senad Dedeic
Serbia's Jan-June budget gap narrows to 35.7 bln dinars (304 mln euro) Source: Serbian Finance Ministry

BELGRADE (Serbia), August 4 (SeeNews) - Serbia's budget was in deficit of 35.7 billion dinars ($310 million/304 million euro) in the first six months of 2022, down 52.8% compared to the 75.5 billion dinars gap recorded in the same period in 2021, the finance ministry said on Thursday.

Budget revenue came in at 830 billion dinars in the first half of 2022, which represents an annual increase of 19.2%, while expenditures amounted to 865.7 billion dinars, up 12.2% on the like period a year earlier, the finance ministry said in a data release.

Tax revenues totalled 753.8 billion dinars, up from 616.8 billion dinars in the January-June period of last year.

VAT revenues amounted to over 382 billion dinars in the six months through June. Non-tax revenues came in at 72.2 billion dinars, up from 71.5 billion dinars in the same period last year.

Current expenditures totalled 688 billion dinars in the first half of the year, up 4.5% from the same period in 2021, while capital expenditures amounted to 161.7 billion dinars.

After posting a surplus for the month of May for the first month this year, Serbia's budget was in surplus for the month of June as well, of 35.4 billion dinars.

(1 euro = 117.341 dinars)

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