Serbian public debt at 32.29 bln euros at end-November

BELGRADE – Serbia’s public debt totalled 32.29 bln euros at the end of November 2022, accounting for 53.5 pct of gross GDP, according to figures released by the Ministry of Finance.

In the period between January and November, the budget deficit stood at 81 bln dinars, with revenues totalling 1,519.1 bln dinars and expenditures at 1,600.1 bln.

In November, the deficit amounted to 106.3 bln dinars and revenues totalled 137.5 bln dinars, including 120.9 bln dinars of tax revenues.

At 64.4 bln dinars, VAT revenues accounted for the majority of tax revenues, and were followed by excise tax revenues (29 bln) and corporate tax revenues (12.1 bln dinars).

Non-tax revenues stood at 15.7 bln dinars and donations totalled 0.9 bln dinars.

Expenditures totalled 243.9 bln dinars, including expenditures for employees (29.3 bln), capital expenditures (23.9 bln), subsidies (19.5 bln), expenditures for use of services and goods (17.7 bln), while expenditures for compulsory social insurance amounted to 18.1 bln dinars.

Expenditures for procurement of financial property required for overcoming the impact of the energy crisis were the largest expenditure item in November, totalling 103.6 bln dinars.

At general government level, a fiscal deficit of 29.8 bln dinars and a primary fiscal surplus of 74 bln dinars were registered in the period between January and November.

(1 euro = 117.3 dinars)