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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Serbia's Jan. budget deficit at less-than-expected 1.5 billion dinars, gov't says

Marko Subotic in Belgrade - 09.02.2010

Serbia's budget deficit in January totaled 1.5 billion dinars, lower than expected, the finance ministry reported.

Budgetary revenue was 49.3 billion dinars, five billion dinars below target, and expenditure 50.8 billion dinars, down 13 billion dinars on expectations, the ministry said in a statement.

Most revenue collected was Value Added Tax of 27.9 billion dinars, almost one billion dinars above target.

In 2010, budgetary revenue is estimated at 655.9 billion dinars (6.5 billion euros) and expenditure at 762.9 billion dinars (7.6 billion euros), bringing an IMF-endorsed budget deficit of 107 billion dinars (1 billion euros) for the year. Growth is forecast at 1.5%.

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