1 General government deficit at the end of 2016 stood because revenues grew by a larger amount at RSD 57,1 billion. Although both revenues and than expenditures; expenditures increased, revenues grew by a larger In total, social security funds recorded a amount, so that the general government deficit was surplus, which was lower than the one reached lower than in previous year (when it was RSD 149,1 in the previous year. As far as individual social billion). security funds are concerned: Fiscal balance (surplus or deficit) by levels of general Pension Fund and Military Health Fund government: recorded deficits, while Budget of the Republic of Serbia recorded a Health Fund and National Employment deficit of RSD 33.7 billion a decrease of RSD – Service recorded surpluses; 96.1 billion in relation to 2015; Based on their public revenues and At the local level: expenditures PE and of Serbia“ “Roads Budget of the Autonomous Province (AP) of of Serbia“ ltd. recorded a deficit (of “Corridors Vojvodina recorded a surplus (of RSD 2.4 RSD 32.7 billion). It increased in relation to the billion), is an improvement compared previous year, mostly because of the lower to the previous year, when a deficit was collection of road tolls by of Serbia“ and “Roads recorded. Revenues of the AP Vojvodina’s higher capital expenditures. budget increased and expenditures slightly Detailed data on fiscal balance by levels of general decreased in relation to 2015; government are presented in 1 (below) and in (in Surplus of the budgets of cities and Annex). municipalities (of RSD 6.8 billion) increased,
1 General government deficit at the end of 2016 stood at RSD 57,1 billion. Although both revenues and expenditures increased, revenues grew by a larger amount, so that the general government deficit was lower than in previous year (when it was RSD 149,1 billion). Fiscal balance (surplus or deficit) by levels of general government: Budget of the Republic of Serbia recorded a deficit of RSD 33.7 billion – a decrease of RSD 96.1 billion in relation to 2015; At the local level: Budget of the Autonomous Province (AP) of Vojvodina recorded a surplus (of RSD 2.4 billion), is an improvement compared to the previous year, when a deficit was recorded. Revenues of the AP Vojvodina’s budget increased and expenditures slightly decreased in relation to 2015; Surplus of the budgets of cities and municipalities (of RSD 6.8 billion) increased, because revenues grew by a larger amount than expenditures; In total, social security funds recorded a surplus, which was lower than the one reached in the previous year. As far as individual social security funds are concerned: Pension Fund and Military Health Fund recorded deficits, while Health Fund and National Employment Service recorded surpluses; Based on their public revenues and expenditures PE “Roads of Serbia“ and “Corridors of Serbia“ ltd. recorded a deficit (of RSD 32.7 billion). It increased in relation to the previous year, mostly because of the lower collection of road tolls by “Roads of Serbia“ and higher capital expenditures. Detailed data on fiscal balance by levels of general government are presented in 1 (below) and in (in Annex).
Serbia%20Budget%20Execution%202016.docx