In January 2026, a state budget deficit amounting to 37.6 billion dinars was recorded, while the planned deficit was 55.1 billion dinars, the Ministry of Finance said.
As stated, revenues collected amounted to 190 billion dinars, of which tax revenues totalled 160 billion dinars, with the largest share coming from value added tax (VAT) payments of 85.1 billion dinars and excise duties amounting to 42.8 billion dinars.
Non-tax revenues were realised in the amount of 29.2 billion dinars, while the inflow from donations in January amounted to 700 million dinars.
Expenditures were executed in the amount of 227.5 billion dinars, of which capital expenditures amounted to 67.3 billion dinars, expenditures for employees 52.2 billion dinars, transfers to mandatory social insurance organisations (the Pension and Disability Insurance Fund, the Republic Health Insurance Fund, the National Employment Service and the Social Insurance Fund for Military Personnel) amounted to 45.4 billion dinars, interest payments totalled 17.8 billion dinars, social protection expenditures amounted to 17.1 billion dinars, and expenditures on goods and services totalled 15.4 billion dinars.
At the level of the general government sector, a fiscal deficit of 41.7 billion dinars and a primary fiscal deficit of 24.6 billion dinars were recorded in January.
(Nova Ekonomija, 10.03.2026)
https://novaekonomija.rs/vesti-iz-zemlje/deficit-budzeta-u-januaru-376-milijardi-dinara