budget expenditures

Sudden growth of Serbia’s budget deficit in September

In Serbia, the budget deficit rose sharply in September and amounted to EUR 383 million, after a deficit of EUR 52 million in August, according to the Economic Report of Raiffeisen Bank for November. "Such a high deficit was not usual for the beginning of the new business season, after the annual holidays, but it started to appear with the health and energy crisis, and it corresponds with the Government's support packages for citizens implemented in previous years, which is…