Serbia’s public debt is 30.59 billion euros

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At the end of March 2022, Serbia’s public debt amounted to 30.59 billion euros, which is 170 million more than in February, when it was 30.42 billion euros, according to data from the Ministry of Finance.

The share of public debt in gross domestic product (GDP) increased by 0.3 percentage points in March compared to the previous month, to 51.9 percent, the Ministry of Finance announced.

At the end of 2021, the share of public debt in the country’s GDP was 56.5 percent, according to the data from the table of the Ministry of Finance.

Budget deficit 72 billion dinars

In the first quarter of this year, the deficit of the republic budget of Serbia amounted to 72.1 billion dinars, the Ministry announced.

Revenues of 373.3 billion dinars were realized, while expenditures amounted to 445.3 billion, it is stated in the announcement.

In March alone, the budget deficit amounted to 19.2 billion dinars.

According to the data of the Ministry of Finance, revenues of 133.2 billion dinars were collected in March, of which tax revenues were 119.4 billion. The largest part of tax revenues refers to the payment of VAT, 69.3 billion dinars, and excise duties in the amount of 21.4 billion.

Non-tax revenues amounted to 13.2 billion dinars, and the inflow of donations was 0.6 billion.

Expenditures in the observed month amounted to 152.4 billion dinars, with expenditures for employees being 29.6 billion, transfers to PIO, RFZO, NES, and SOVO funds 14.1 billion, subsidies 27.7 billion, and capital expenditures 30, 5 billion dinars.

At the level of the general government, in the first three months of 2022, a fiscal deficit of 68 billion dinars and a primary fiscal deficit of 14.8 billion dinars were realized, it is stated in the announcement, RTS writes.