Serbia’s public debt at the end of March this year EUR 23.40 billion

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At the end of March this year, the public debt of Serbia amounted to about 23.40 billion euros, which is 50.9 percent of this year’s planned gross domestic product, the Ministry of Finance announced.

At the end of February, public debt amounted to 23.15 billion euros, i.e. 50.4% of GDP, while at the end of 2018 it amounted to 23.01 billion, i.e. 53.8% of GDP, and at the end of 2017, it was 23.22 billion euros, i.e. 57.9% of GDP.

The lowest amount of public debt was recorded in 2008 when it amounted to 8.78 billion euros, i.e. 28.3% of GDP. By the Law on the Budget System, the share of public debt in GDP is limited to 45%.

According to the Ministry of Finance, the surplus of the state budget at the end of the first quarter of this year amounted to RSD 15.8 billion. Revenues reached RSD 305.5 billion, and expenditures amounted to RSD 289.7 billion.

According to the annual plan for the implementation of the general government budget, a fiscal deficit of RSD 18.9 billion is planned for the first quarter, which means that the achieved result is better by RSD 30.1 billion, the Ministry pointed out.

In March, the deficit was RSD 6.4 billion.

Source: Beta

Photo: Pixabay