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Fiscal Council warns Serbia’s infrastructure boom is becoming less transparent

Serbia is investing billions of euros in highways, railways, energy infrastructure and the flagship EXPO 2027 program, yet the country’s leading independent fiscal watchdog argues that...

CBAM raises cost of Serbian electricity exports by 60%, Fiscal Council warns

Serbia’s electricity sector is facing a major competitiveness challenge as the European Union’s Carbon Border Adjustment Mechanism (CBAM) begins reshaping regional power markets. According...

Serbia’s energy transition faces credibility gap as Fiscal Council questions CBAM readiness

Serbia risks undermining both its energy-transition ambitions and its competitiveness under the European Union’s Carbon Border Adjustment Mechanism (CBAM) unless it develops a concrete...

CBAM as a fiscal and industrial stress test for Serbia: What the Fiscal Council’s analysis really says

The Fiscal Council’s analysis of Serbia’s climate–energy transition and public finances is often summarised as a warning about future carbon costs. Read carefully, it...

Fiscal Council warning: Structural weaknesses are quietly limiting Serbia’s growth potential

The Fiscal Council’s recent assessments point to a recurring theme in Serbia’s economic trajectory: growth is repeatedly constrained not by lack of demand, but...

Fiscal Council’s warning: Serbia’s public spending outpaces revenue, risks mount after 2027

As Serbia enters a period of slowing external demand, turbulent energy markets and rising social pressures, the country’s Fiscal Council has issued one of...

Serbia spends over €368 million on National Football Stadium construction in Surčin

By the end of September, approximately 43.1 billion dinars (around €368.3 million) had been spent from the budget on the construction of the National...

Fiscal Council warns Serbia could face €300 million annual CBAM costs and doubling of electricity prices by 2030

Applying the EU Carbon Border Adjustment Mechanism (CBAM) will cost Serbia’s power sector between 200 and 300 million euros annually from 2026 to 2030,...

Serbia’s Fiscal Council confirms 12% pension increase sustainable without threatening system stability

Nikola Altiparmakov, a member of Serbia’s Fiscal Council, stated that the unplanned higher pension increase in Serbia will require significant budgetary resources in 2026....

Government redirects 11 billion dinars without clear explanation of spending purpose

The Government of Serbia has decided to reallocate 11 billion dinars, or approximately 94 million euros, from various state projects to cover expenses that...

Shifting focus to domestic investment for sustainable growth in Serbia

Representatives from Serbia's monetary and fiscal authorities agree that the country’s current economic growth model—relying on foreign investments and significant infrastructure projects—has proven successful....

Serbia’s GDP revisions raise concerns over statistical accuracy and capacity

Since 2014, the Republic Statistical Office (RSZ) has significantly revised Serbia's nominal gross domestic product (GDP) three times, leading to an increase of nearly...

Serbia faces rising borrowing costs and budget deficit in 2025

Serbia is set to face significant borrowing in 2025 due to a growing budget deficit, with interest payments alone expected to reach 1.9 billion...

Belgrade metro delayed again: Construction timeline pushed to 2030

The long-awaited Belgrade metro project, which was first promised to the city’s residents decades ago, continues to face delays, with the latest estimates pushing...
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