Ministry of Finance

BELGRADE - Serbia's public debt stood at 38.15 bln euros on September 30, accounting for 46.5 pct of GDP, according to figures released by the Ministry of Finance.

Relative to the end of last year, the debt-to-GDP ratio declined from 48 pct.

On December 31, 2023, the public debt totalled 36.15 bln euros.

– Hello there! What a lovely weekend we just had—bright but chilly with the sun showing its teeth, and thankfully no rain (let’s see how long this lasts in November).

BELGRADE - The Serbian government adopted the 2025 budget bill on Thursday, the Ministry of Finance told Tanjug.

Under the bill, planned budget revenues and receipts total 2,346.2 bln dinars - up by 8 pct or by 172.9 bln dinars relative to the 2024 supplementary budget bill.

Hello, the hour of reckoning has arrived for the new leader of the free world, and naturally, this week, something quite dramatic would need to happen to shift the spotlight from this major event that occurs once every four years and politically, geostrategically, and economically impacts the whole world.

Bulgaria's budget deficit is expected to reach 4 billion leva (2 billion euros) by the end of October, according to preliminary data and projections from the Ministry of Finance, showing a rise of 1.17 billion leva compared to September.

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cypriot cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nikos Christodoulides. The measures are designed to support households and young families, with adjustments planned based on budgetary conditions.

Battle with “carousel”-type criminal organizations, which have been coming to light one after the other lately, is being fought by the Ministry of Finance and the relevant auditing authorities, as it’s estimated that the state loses up to 2 billion euros annually due to fake invoices and fraudulent transactions, leading the Treasury to pay VAT – instead of collecting it – to these fraudsters.<

Bulgaria's Deputy Prime Minister and Finance Minister Lyudmila Petkova stated that the Ministry of Finance has developed various revenue and expenditure measures to keep next year's budget deficit within 3% of GDP on an accrual basis. Following a meeting of the National Council for Tripartite Cooperation, Petkova confirmed that there are no planned tax increases for 2025.

The International Monetary Fund has raised its forecast for Cyprus' economic growth in 2024 from 2.7% to 3.3%.

This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday.

Hello, we just had our first almost winter weekend with the government keeping a low profile due to K.M. being abroad, while PASOK made a strong presence at symbolic events like the farewell to Vasso Papandreou, who passed away modestly and humbly, just as she lived her entire life.