In January, the Serbian national budget recorded a surplus of 5.5 billion dinars, which is 36.9 billion dinars better than the planned budget deficit of 31.4 billion dinars, as announced today by the Ministry of Finance. Revenues amounted to 179.7 billion dinars, with tax revenues totaling 160.3 billion dinars. The largest portion of tax revenues came from VAT payments, which amounted to 85 billion dinars, and excise duties, which totaled 46.6 billion dinars.
Non-tax revenues were 17.5 billion dinars, while donation inflows in January were 1.9 billion dinars.
Expenditures totaled 174.1 billion dinars, with transfers to mandatory social security organizations, including the Pension and Disability Insurance Fund, the Health Insurance Fund, the National Employment Service, and the Military Insurance Fund, amounting to 47.4 billion dinars. Employee expenses were 43.9 billion dinars, interest payments stood at 24.7 billion dinars, capital expenditures were 16.1 billion dinars, and social protection expenses were 16 billion dinars.
At the state sector level, a fiscal surplus of 18.9 billion dinars was achieved in January, with a primary fiscal surplus of 42.8 billion dinars.
