As of the end of May this year, Serbia’s public debt stood at approximately 36.35 billion euros, equivalent to 47.6% of the gross domestic product (GDP), according to an announcement by the Ministry of Finance.
Comparatively, at the end of April, Serbia’s public debt was 36.30 billion euros, representing 47.5% of GDP. By the conclusion of 2023, the country’s public debt was 36.15 billion euros, or 52% of GDP. From January to May this year, Serbia reported a budget deficit of 8.1 billion dinars, exceeding the budget plan of 81.5 billion dinars but below the anticipated 89.6 billion dinars deficit, as reported by the Ministry of Finance.
Total revenues for the period amounted to 849.4 billion dinars, while expenditures reached 857.5 billion dinars. Notably, May saw a surplus of 21.4 billion dinars.
In May alone, revenues totaled 180.6 billion dinars, with tax revenues contributing significantly, amounting to 163.2 billion dinars. Value-added tax (VAT) accounted for 73.4 billion dinars of the tax revenue, followed by excise duty at 43 billion dinars. Non-tax revenues totaled 16 billion dinars, with donations adding a further 1.4 billion dinars.
Expenditures in May totaled 159.2 billion dinars, including 39.5 billion dinars for employee salaries, 25.8 billion dinars for OOSO transfers (PIO fund, RFZO, NES, SOVO fund), 20 billion dinars for capital expenditures, and 17.6 billion dinars for interest payments.
Across the state sector, a fiscal deficit of 1.5 billion dinars was recorded for the first five months of the year, alongside a primary fiscal surplus of 89.1 billion dinars.
