public dept

Serbia, Public debt amounts to 53.5 percent of GDP

Earlier today, the Ministry of Finance announced that public debt amounts to 53.5 percent of gross domestic product (GDP). As recorded between January and November, budget deficit was 81 billion dinars, with revenues of 1,519.1 billion dinars and expenditures of 1,600.1 billion. In November, the deficit was RSD 106.3 billion, revenues were collected for RSD 137.5 billion, of which tax revenues amounted to RSD 120.9 billion. The largest part of tax revenues is made up of VAT payments totaling 64.4…