Serbian government adopts 2023 budget: Revenues higher by 7.8%
At today’s session, the Government of Serbia adopted the Draft Law on the 2023 Budget, which provides for total revenues and income in the amount of RSD 1,843.4 billion, which is by RSD 133.8 billion, or 7.8% more than the amount of revenues envisaged by the 2022 budget revision, it was announced after the session.
„Tax revenues are planned in the amount of RSD 1,592.8 billion, and non-tax revenues in the amount of RSD 200.1 billion, including proper revenues of indirect budget users,“ the statement says.
In the structure of total revenues, tax revenues amount to 86.4 percent, while non-tax revenues amount to 10.9 percent of the total revenues of the budget of the Republic of Serbia.
The rest is comprised of donations in the amount of RSD 50.5 billion, which is 2.7 percent of total revenues.
What else is planned in the budget proposal?
„The draft budget for 2023 provides for total expenditures and costs in the amount of RSD 2,107.4 billion. The estimated level of general government debt is to be reduced and maintained at 56.1% of GDP by the end of 2023. Furthermore, the Serbian economy is expected to grow by 2.5 percent next year,“ the Serbian government said.
At today’s session, the Bill on Amendments to the Law on Electronic Invoicing was adopted, which specifies the existing provisions and makes additional harmonization with the existing legal frameworks, in order to make the e-invoicing system even better functioning.