Serbia closes 2018 with budget surplus of RSD 32.2bn

Serbia closed 2018 with a budget surplus of RSD 32.2bn, which is more than RSD 60bn better than planned, FinMin Sinisa Mali told TV Pink. This is the third consecutive year with a budget surplus, he noted. Mali also said that public debt declined to 50.1% of GDP, while FDIs reached record high of EUR 3bn.

The latest available data by the finance ministry showed that central government budget surplus fell by 23.4% y/y to RSD 61.1bn in January-October, whereas consolidated budget surplus amounted to RSD 63.7bn against a planned deficit of RSD 10.0bn for the period. Central government debt stood at EUR 24.3bn at end-October or 56.7% of GDP, while general government debt amounted to EUR 24.6bn and accounted for 57.4% of GDP, down from 58.7% of GDP at end-2017.

Mali said that the authorities expect the next IMF mission calm because the achieved good results in reforms. He highlighted that priorities this year will be reforms of the public administration, public companies and tax administration, as well as fight against the grey economy.

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