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Serbia's Jan-May budget gap shrinks to 71 bln dinars (604.8 mln euro)

Jul 8, 2022, 3:30:35 PMArticle by Senad Dedeic
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July 8 (SeeNews) - Serbia's budget was in deficit of 71 billion dinars ($613.38 million/604.8 million euro) in the first five months of 2022, down 29% compared to the 99.8 billion dinars (850.11 million euro) gap recorded in the same period in 2021, official data shows.

Serbia's Jan-May budget gap shrinks to 71 bln dinars (604.8 mln euro)
Source: Serbian Finance Ministry

Total budget revenues equalled 655 billion dinars, an annual increase of 22.7%, and expenditures amounted to 726 billion dinars, up 14.6% from the like period a year earlier, according to data from the finance ministry published earlier this week.

Tax revenues totalled 590 billion dinars, up from 468 billion dinars in the January-May period of last year.

Over 321 billion dinars in VAT entered the fisc in the five months through May. Non-tax revenues amounted to 62.4 billion dinars, up from 59.5 billion dinars in the same period last year.

Current expenditures added up to 594 billion dinars, up 10% from the same period in 2021, while capital expenditures equalled 117.7 billion dinars.

May was the first month this year in which the Serbian budget showed a surplus, of 6.7 billion dinars.

(1 euro = 117.378 dinars)

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