Serbia registered a RSD 25.4bn budget surplus in the first ten months of 2022, the Ministry of Finance has said.

Revenues totalled RSD 1,381.6bn, while expenditures amounted to RSD 1,356.2bn.

In October alone, a RSD 15.6bn budget surplus was registered, and revenues totalled RSD 136.5bn, including RSD 120.8bn of tax revenues.

VAT, excise duties and corporate income tax made up most of the tax revenues, totalling RSD 67.2bn, RSD 26.7bn and RSD 11.6bn, respectively, while non-tax revenues amounted to RSD 14.6bn and donations stood at RSD 1.2bn.

October expenditures totalled RSD 120.9bn.

Expenditures for employees totalled RSD 29.3bn, while transfers to the pension and disability insurance fund, the national health insurance fund, the military social insurance fund and the national employment service totalled RSD 13.3bn, with capital expenditures and social protection benefits at RSD 26.4bn and RSD 11.7bn, respectively.

At general government level, a RSD 65.4bn fiscal surplus and a RSD 165.5bn primary fiscal surplus were registered in the period from January to October, the ministry also said.

Source: Tanjug, Momentum