Budget surplus of Serbia in eight months RSD 31.8 billion – Public debt drops to EUR 24.27 billion in August

Serbia made a budget surplus of RSD 31.8 billion in the period from January till August, according to yesterday’s report by the Ministry of Finance on the budget of the Republic of Serbia in August.

The surplus, according to a wider definition which includes project loans outside the budget, but at the level of the state, amounts to RSD 16.6 billion.

Capital expenditures financed from project loans increased in the same period by RSD 4.4 billion, relative to the corresponding period of 2015.

In August alone, revenues of RSD 90.4 billion were made, whereas expenditures amounted to RSD 80.6 billion, resulting in a budget surplus of RSD 9.8 billion.

The high amount of revenues was significantly contributed to by non-tax revenues, which amounted to RSD 18.1 billion, of which Telekom Srbija’s dividend payment amounted to RSD 8.9 billion.

Tax revenues in August amounted to RSD 70.4 billion. Excise tax revenues in August amounted to RSD 22.3 billion and were lower than in the previous two months, which saw higher tobacco excise tax revenues as a result of increased import and production prior to the implementation of new tobacco product excise taxes.

Expenditures amounted to RSD 80.6 billion, with primary expenditure items being staff costs (RSD 18.5 billion) and transfers to mandatory social insurance organizations (Pension and Disability Insurance Fund, National Health Insurance Fund, National Employment Service and the Fund for Social Insurance of Military Beneficiaries) in the amount of RSD 18.4 billion, of which the PDIF received the most – RSD 16.1 billion.

Serbia’s public dept drops to EUR 24.27 billion in August

The public debt of Serbia decreased in August from nearly EUR 550 billion to EUR 24.27 billion, according to the 2016 budget report by the Ministry of Finance. The share of the public debt in the GDP of Serbia dropped from 76% in July to 72.1% in August.

The share of the public debt in the GDP of Serbia was at its highest in 2001 (97.7) and at its lowest in 2008 (28.3%).

Ministarstvo finansija Republike Srbije

Republički Fond za penzijsko i invalidsko osiguranje

Republički fond za zdravstveno osiguranje Beograd

Telekom Srbija a.d. Beograd

budget surplus

budget of Serbia

Telekom Srbija dividend

tax revenues

excise tax revenues

tobacco product excise tax

Pension and Disability Insurance Fund

National Health Insurance Fund

National Employment Service

Fund for Social Insurance of Military Beneficiaries

public debt of Serbia