Serbia’s budget deficit in the first half of this year RSD 304.8 BILLION
In the first half of this year, the budget deficit of Serbia amounted to 304.8 billion dinars. Revenues were realized in the amount of 579.1 billion dinars, and expenditures in the amount of 883.9 billion dinars, as it is published on the website of the Ministry of Finance. In June alone, deficit amounted to 68.3 billion dinars. “In June, revenues in the amount of 123.3 billion dinars were collected, of which tax revenues amounted to 103.9 billion dinars. The biggest part of tax revenues refers to the payment of VAT in the amount of RSD 44.8 billion and excise duties in the amount of RSD 31.8 billion,” the ministry announced. Non-tax revenues amounted to 18.3 billion dinars, and the inflow of donations in June amounted to one billion dinars. Expenditures amounted to RSD 191.6 billion. Expenditures for employees in June amounted to 25.7 billion dinars, and transfers by the organizations of obligatory social insurance (Pension Insurance Fund, National Health Insurance Fund, National Employment Service, the Fund for Social Insurance of Military Beneficiaries) to 33.5 billion dinars. “Subsidies amounted to 44.3 billion dinars, and other current expenditures to 32.9 billion dinars, since aid was paid to businesses and citizens from these expenditure categories, as part of a set of measures to combat the effects of the coronavirus pandemic,” the statement said. Preliminarily, at the level of the general state, in the period from the beginning of the year to the end of June, the fiscal deficit in the amount of 311.5 billion dinars and the primary fiscal deficit in the amount of 248.3 billion dinars were realized.