MALI: January surplus three times larger than planned

Serbian Finance Minister Sinisa Mali said that great results were made in January, exceeding expectations, and pointed out that the budget surplus was three times larger than planned for that month.

– I am proud of the budget surplus of around RSD 22.9 billion – Mali said.

As said in the press release, the minister says that larger non-tax revenues were realized, that the VAT revenues were larger, as well as the collection of income and excise taxes.

– A surplus of around RSD 7.8 billion was planned for January, and the result is three times higher – the minister said.

He adds that this means that there’s no reason for concern when it comes to salary and pension raises, as they are directly related to the state of the budget.

The minister says that more concrete and precise results will be known after the first quarter ends, but adds that there is certainly a positive trend, that is expected to continue in the future.

Ministarstvo finansija Republike Srbije

Siniša Mali

budget surplus

VAT collection

income tax

excise taxes