Serbia Swings to Budget Surplus in Jan-July

Debt

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Serbia's budget was in surplus of RSD 1.15 billion (EUR 9.8 million) in the first seven months of 2022, compared to RSD 39.6 billion deficit recorded in the same period in the last year, the Finance Ministry said.

Budget revenue came in at RSD 992.8 billion in the first seven months through July, which represents an annual increase of 17.5%, while expenditures amounted to RSD 991.7 billion, up 12% on the same period a year earlier.

In July alone, Serbia's budget was in a surplus of RSD 36.8 billion (EUR 313.5 million).

In a separate statement, the ministry said, at the end of July the public debt of Serbia amounted to EUR 31.46 billion, that is, 53.5% of the country's gross domestic product (GDP).

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