Serbia’s budget for 2024 shows a deficit of 212 billion dinars, which accounts for 2.2% of the country’s gross domestic product (GDP). This result is better than the forecast in the budget rebalancing, which predicted a deficit of 263 billion dinars, or 2.7% of GDP, exceeding the plan by 51 billion dinars, or 0.5% of GDP, the Ministry of Finance reported.
Total revenues amounted to 2,141.6 billion dinars, while expenditures totaled 2,353.6 billion dinars. In December alone, a deficit of 141.1 billion dinars was recorded, with revenues reaching 209.9 billion dinars, of which tax revenues were 174.9 billion dinars.
The majority of tax revenue came from VAT, which brought in 91.5 billion dinars, followed by excise duties at 41 billion dinars. Non-tax revenues in December were 31.8 billion dinars, and donations amounted to 3.3 billion dinars.
Expenditures in December stood at 351 billion dinars, including 150.6 billion dinars for capital investments, 42.9 billion dinars for subsidies, 40.9 billion dinars for employee expenses, 27.6 billion dinars for goods and services, and 21.6 billion dinars each for transfers to mandatory social insurance organizations and social protection expenditures.
For the entire state sector in 2024, a fiscal deficit of 191.9 billion dinars, or 2% of GDP, was recorded. This result was 0.7% of GDP better than the originally planned deficit. The primary fiscal deficit amounted to 23.7 billion dinars, or 0.2% of GDP.
