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Serbian Budget Deficit Lower than Expected

Published: January 30, 2013; 09:54 · (Vindobona)

The government succeeded to achieve the 2012 budget deficit reading below the planned one, Raiffeisen Research reports.

Serbian Budget Deficit Lower than Expected / Picture: ©

Budget deficit skyrocketed in December (+127.7% mom) supported by mild revenue collection (+7.1% mom), whereas huge expenditures growth (+27.9% mom). Compared to Dec/11 when tax revenues increased by 11.0% mom, last month in 2012 saw falling tax revenues (_1.2% mom).

Actually, non_tax revenues (+83.2% mom) contributed to total revenues growth underpinned by payment of public…

This article includes a total of 381 words.

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