In 2025, Serbia’s budget deficit amounted to 271.4 billion dinars, which was 2.6 per cent of the estimated gross domestic product (GDP), and was better than planned, the Ministry of Finance announced today.
The achieved result was better than the plan by 42.6 billion dinars (0.4 per cent of GDP), given that the projected deficit was 314 billion dinars, or three per cent of GDP, the statement specified.
Revenues amounted to 2,278.4 billion dinars, while expenditures totalled 2,549.8 billion dinars.
A deficit of 191.8 billion dinars was recorded in December 2025. In the same month, revenues collected amounted to 221.7 billion dinars, of which tax revenues totalled 192.9 billion dinars.
The largest share of tax revenues related to VAT payments amounting to 101.5 billion dinars and excise duties amounting to 41.8 billion dinars. Non-tax revenues amounted to 27.1 billion dinars, while inflows from donations in December totalled 1.6 billion dinars.
Expenditures amounted to 413.5 billion dinars. Capital investments in December totalled 179.3 billion dinars, spending on employees amounted to 52.2 billion dinars, subsidies to 50.4 billion dinars, expenditures on the use of goods and services to 29.5 billion dinars, transfers to compulsory social insurance organisations to 27.7 billion dinars, interest payments to 26.2 billion dinars, and social protection expenditures to 19.7 billion dinars.
At the level of the general government sector in 2025, a fiscal deficit of 252.8 billion dinars was recorded, or 2.4 per cent of estimated GDP, which was 0.6 per cent of GDP better than the planned result.
The primary fiscal deficit amounted to 78.8 billion dinars, or 0.8 per cent of GDP.
(Biznis.rs, 04.02.2026)
https://biznis.rs/vesti/srbija/deficit-budzeta-srbije-u-prosloj-godini-dostigao-26-odsto-bdp-a/