Serbia registers 7.7 bln dinar budget surplus in October

BELGRADE - Serbia registered a 7.7 bln dinar budget surplus in October.

Between January and October, a 5.6 bln dinar deficit was registered, which is 21.9 bln dinars better than the planned 27.6 bln deficit under the supplementary budget law, the Ministry of Finance has said.

Compared to the initial budget plan, the figure is better by 125.4 bln dinars as the planned deficit amounted to 131 bln dinars.

Revenues totalled 1,545.5 bln dinars, while expenditures amounted to 1,551.2 bln dinars.

October revenues amounted to 172.9 bln dinars, with tax revenues totalling 153.9 bln dinars.

VAT and excise duties totalled 85.1 bln dinars and 38.3 bln dinars, respectively, while non-tax revenues amounted to 18.3 bln dinars and donations stood at 0.7 bln dinars.

October expenditures totalled 165.2 bln dinars.

Expenditures for employees totalled 34.4 bln dinars, transfers to the pension and disability insurance fund, the national health insurance fund, the military social insurance fund and the national employment service totalled 19.8 bln dinars, with capital expenditures at 34 bln and subsidies and purchases of goods and services at 18.3 bln dinars and 14.1 bln dinars, respectively.

At general government level, a 10.2 bln dinar fiscal surplus and a 130.1 bln dinar primary fiscal surplus were registered in the first ten months of 2023, the ministry said.

(1 euro = 117.17 dinars)