Serbian Finance Ministry says public debt higher

Serbian Finance Ministry says public debt higher

Serbian Finance Ministry says public debt higher Izvor: Shutterstock

The Serbian Finance Ministry said on Tuesday that the public debt at the end of June stood at 26.827 billion Euro or 57.3 percent of the GDP, adding that this is 0.1 percentage point higher than at the end of May when the public debt stood at 57.2 percent of the GDP or 26.790 billion Euro.

The public debt stood at 23.944 billion Euro or 52 percent of the GDP at the end of December last year.  

The ministry said that the budget deficit stood at 304.8 billion Dinars (1 Euro – 118 Dinars) in the first half of 2020.  

A statement on the ministry web site said that budget income stood at 579.1 billion Dinars and that expenses stood at 883.9 billion. It said that the deficit stood at 68.3 billion Dinars in June. “The income in June stood at 123.3 billion Dinars, including 103.9 billion in taxes. Most of the taxes were VAT which accounted for 44.8 billion Dinar along with duties of 31.8 billion,” it said and added that non-tax income stood at 18.3 billion with a billion dinars in donations. Expenses in June stood at 191.6 billion Dinars.  

Preliminary data shows that the fiscal deficit in the first half of the year stood at 311.5 billion Dinars with a primary fiscal deficit of 248.3 billion.

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