The fiscal results in the first three months of 2016 are already better than planned, Serbian Finance Minister Dusan Vujovic said Tuesday.
Despite unforeseen expenditures, including the costs of the early parliamentary elections, the central government deficit amounted to RSD 8.9 billion in Q1 – less than a quarter of the RSD 62 billion planned, he said.
At the same time, the dynamics of realisation is at 1.9 percent, as opposed to the 1.8 percent in Q1, Vujovic said.
“That is above the annual average, which means that we have additional signs of an economic revival,” Vujovic said.
Speaking at a conference on incentives for the best financial directors, titled Planning for Growth, he said that he expects the general government deficit to be around RSD 15 billion in the first three months of the year.
“We had planned the general government deficit to be RSD 160 billion, and we have RSD 15 billion in Q1, which is significantly less,” he said, quoting preliminary figures.
Source: Tanjug
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