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Serbia moves to price state guarantees as public-enterprise debt exposes the budget to hidden risk

Serbia’s Ministry of Finance is preparing to make public enterprises pay for state guarantees attached to their borrowing, introducing a cost for a form...

Serbia’s budget outperforms plan as revenue strength narrows the fiscal gap

Serbia’s republican budget delivered a materially stronger result in the first five months of 2026, with the deficit coming in far below the level planned...

Serbia’s budget shows strong revenues, but spending pressure is accelerating

Serbia’s fiscal picture in March 2026 was marked by strong revenue growth and even stronger expenditure growth. MAT reports a republican budget deficit of RSD 27.4bn in March,...

Serbia’s budget turns more expansionary as capital spending and subsidies rise

Serbia’s fiscal position in the first quarter of 2026 looks stronger than the official plan but looser than a year earlier. That is the central budget...

Budget transparency: Development strategy or political instrument?

Serbia’s 2026 budget has been framed as a development engine — disciplined, growth-oriented, and socially responsible. On paper, the fiscal plan balances a three-percent...

Serbia’s 2026 budget: Stability, strategy and the stakes for growth

Serbia’s 2026 state budget arrives at an important moment for the country’s economic trajectory. Positioned between the lingering aftershocks of recent global instability and...

Budget reallocations highlight rising costs linked to infrastructure and mega-events

Recent budget reallocations underscore the growing fiscal impact of large infrastructure projects and mega-events, including Expo 2027. While such investments are often justified by...

Budget 2026: Between fiscal discipline and economic uncertainty

Serbia’s parliament adopted the 2026 state budget with a headline message designed to signal stability: a planned deficit of around three percent of GDP,...

SRCE Energy Committee criticizes Serbia’s 2026 budget plans for hydropower projects

The draft Budget Law for 2026 foresees that Serbia will take a €1.5 billion loan from France for the construction of the reversible hydroelectric...

Debt, defence and development — assessing Serbia’s 2026 budget priorities

Every autumn, Serbia’s budget reveals the political soul of the government more clearly than any speech or press conference. The 2026 budget is no...

Serbia’s 2026 budget focuses on higher living standards, infrastructure and investment growth

The Serbian Government will discuss the 2026 state budget proposal, with the main goals being raising living standards, developing infrastructure, and boosting investment, Finance...

Belgrade private transport operators request fare hike amid budget concerns

A consortium of private transport operators in Belgrade has requested a fare increase of 9.42% for gas-powered buses and 5.54% for euro-diesel buses, citing...

Serbia’s 2024 budget approved with reservations amid financial reporting and asset management issues

Serbia’s State Audit Institution (DRI) has approved the 2024 budget with reservations, citing incomplete financial reporting and discrepancies in accounting. Consolidated financial statements lacked...

Čačak records stable budget with 96.3 million dinar surplus in first half of 2025

The city of Čačak collected 3.16 billion dinars in budget revenues during the first half of 2025, representing 47.28% of the planned annual budget...
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