Serbia’s state budget deficit in the period from January to August 2021 was 70.8 billion dinars.
Revenues amounted to 955.1 billion dinars and expenses to 1,026 billion dinars. This result is better than envisaged by the budget review of 163.9 billion dinars, considering that a deficit of 234.7 billion dinars was expected, the Ministry of Finance announced yesterday, as reported by the Tanjug news agency.
In August alone, the deficit amounted to 31.2 billion dinars. Salaries of public sector employees amounted to 27 billion dinars, subsidies were paid out to the tune of 13.7 billion and transfers to the PIO (Pension and Insurance Find), RFZO (State Health Insurance Fund), NSZ (National Employment Service) and SOVO (Military Social Insurance Fund) amounted to 11.4 billion.
At the end of August this year, Serbia’s public debt amounted to EUR 28.47 billion, or 54.3% of the country’s gross domestic product (GDP).
The amount of public debt increased by EUR 110 million in August compared to the previous month, while its share in GDP increased by 0.2 percentage points. At the end of 2020, Serbia’s public debt amounted to EUR 26.66bn, or 57% of GDP.
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