Value added tax

By Sotiris Nikas

According to the 2014 budget, the Greek state achieved a 2.06-billion-euro primary surplus in the first couple of months, which is over 1 billion euros higher than the set target of 1.04 billion, despite a 580-million-euro revenues shortfall.

By Nikos Roussanoglou

BELGRADE - The budget deficit amounted to RSD 33.4 billion in the first two months of 2014, while only in February it stood at RSD 26.4 billion, the Ministry of Finance announced on Thursday.

In February, Serbia made revenues of RSD 58.8 billion, and expenditures of RSD 85.2 billion, not factoring in revenues and expenditures of indirect budget beneficiaries.

Bulgaria's state budget loses BGN 2B annually due to VAT fraud, according to data of the Economic Research Institute with the Bulgarian Academy of Sciences.

Taking into account the uncollected excise duty, losses swell up to BGN 4B per year, the Director of the Institute Prof. Mitko Dimitrov said, cited by Cross news agency.

Bulgaria's Finance Ministry is drafting a tax fraud prevention strategy in cooperation with other control authorities.

BELGRADE - The deficit in the Serbian budget in January this year was RSD 7 billion, the Ministry of Finance has stated.

Budget revenue was RSD 72.2 billion and expenditure RSD 79.2 billion.

This information does not include the revenue and expenditure of indirect budget users, the ministry said.

Tax revenue was RSD 65.3 billion and non-tax revenue was RSD 6.3 billion.