Unsettled obligations of Serbia’s public sector—including central and local governments and institutions in Vojvodina—total nearly 53 billion dinars as of August 8, 2025, according to a Ministry of Finance consolidated debt report. Republican institutions account for the bulk, 50.9 billion dinars.
Debt monitoring and payment deadlines
All invoices issued by private companies to public entities must be recorded in the Central Register of Invoices, managed by the Treasury Department. This system, operational since May 1, 2022, allows precise tracking of public sector liabilities.
- Standard payment deadlines:
- Public sector to private companies: ≤ 45 days
- Public sector to public sector: ≤ 60 days
- Health sector (RFZO and fund beneficiaries, including hospitals): ≤ 90 days
Health sector leads in debt
The health system holds the largest share, with RFZO fund beneficiaries owing over 29.3 billion dinars—more than half of total public sector debt. Key institutions:
- University Clinical Center of Serbia: 2.3+ billion dinars
- Apoteka “Beograd”: 1.5+ billion
- University Clinical Center of Vojvodina: 1.3+ billion
- Užice Health Center: ~1.3 billion
- “Dedinje” Institute for Cardiovascular Diseases: 884 million
- Institute of Oncology and Radiology of Serbia: 645 million
Other sectors
- Ministry of Defense: 1.37 billion dinars
- Education: 522+ million, with Faculty of Mechanical Engineering in Belgrade owing 32+ million
- Judicial bodies: Higher Public Prosecutor’s Office 144 million; Higher Courts 65.5 million
The report does not specify when these debts originated, so it is unclear how many are overdue relative to legal deadlines.
