Serbia’s public debt stood at 24.12 billion euros at the end of November 2019, which is 52.4 percent of gross domestic product (GDP), the Ministry of Finance announced.
At the end of October, public debt was 23.97 billion euros, or 52 percent of GDP. Public debt stood at 23.01 billion euros at the end of 2018, which was 53.7 percent of GDP.
The lowest share of public debt in GDP of 28.3 percent was in 2008, and the highest in 2000, when it amounted to 201.2 percent of GDP. In the first 11 months of 2019, the state budget surplus amounted to half million euros, the Ministry of Finance of Serbia announced. During that period, revenues were collected in the amount of 10 million euros, while expenditures were made in the amount of 9 million euros, according to the website of the Ministry of Finance.
In November alone, a budget deficit of 21 million euros was realized. In November, 900 million euros was collected, of which 760 million euros was related to tax revenues. It is added that, as usual, the largest part of tax revenues relates to the payment of VAT in the amount of 385 million euros and excise taxes in the amount of 225 million euros.
Non-tax revenues were collected in the amount of 125 million euros. The inflow of donations in November amounted to 11 million euros. Expenditures were made in the amount of 916 million euros. Expenditures for employees in November amounted to 200 million euros, OOSO transfers (PIO Fund, RFZO, NES, SOVO Fund) 220 million and capital expenditures 98 mllion euros.
At the general government level, a fiscal surplus of 390 million euros and a primary fiscal surplus of 1.3 million euros were recorded between January and November. According to the annual budget execution plan of the general government, a fiscal surplus of 54.2 million euros is planned for this period, which means that the achieved result is better by 330 million euros, reports N1.
