RSD 344.6 billion budget deficit in the first eight months  

RSD 344.6 billion budget deficit in the first eight months

RSD 344.6 billion budget deficit in the first eight months

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There was a state budget deficit in the amount of RSD 344.6 billion in the first eight months of the year, the Ministry of Finance announced. Revenues amounted to RSD 808.4 billion, and expenditures amounted to RSD 1.153 billion. Deficit amounted to RSD 20.9 billion in August. Revenues in August amounted to RSD 97.7 billion, of which tax revenues amounted to RSD 89.7 billion. The majority of tax revenues were from VAT, in the amount of RSD 42.6 billion, income tax in the amount of RSD 18.9 billion, and excise taxes in the amount of RSD 18.2 billion. The high amount of tax collected is a result of the annual calculation of the tax paid, for which the final deadline was the beginning of August. 


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