Serbian budget stronger by RSD 150 compared to plans – Debt reduced by EUR 650 million in 2016

(Dusan Vujovic) Minister of Finance Dusan Vujovic stated on Wednesday, October 26, that there was a budget surplus of RSD 30 billion at the moment, around RSD 150 billion more than planned.

– We planned for the deficit to be RSD 120 billion on this date, which is EUR 1 billion, and we have a surplus of RSD 30 billion. This means that there’s RSD 150 billion more than planned – Vujovic said at the parliament.

Compared to January 1, according to him, the debt has been reduced by EUR 650 million.

– We’ve gone down from EUR 24.8 billion to EUR 24.15 billion as a result of a better fiscal situation, that is, a lower deficit than planned. We have reduced the need for additional debts for financing the deficit by more than a billion – Vujovic said.

He emphasized that it didn’t mean we had money to waste and added that we had to refinance our receivables due.

Ministarstvo finansija Republike Srbije

Vlada Republike Srbije

Dusan Vujovic

budget of Serbia

budget surplus

budget deficit

public debt