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.
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)