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fiscal strategy

Serbia’s €15 billion transport transformation is reshaping the country’s economic geography

The largest investment story inside Serbia’s fiscal strategy is not EXPO 2027, renewable energy or public debt. It is transport. When major motorway, railway and...

The €3 billion energy transition hidden inside Serbia’s fiscal strategy

Most discussions surrounding Serbia's fiscal strategy focus on highways, railways and EXPO 2027. Yet hidden within the document is one of the largest energy...

Can Serbia become a €100 billion economy?

Serbia is approaching a symbolic economic milestone that would have seemed ambitious only a decade ago. According to the government's revised fiscal strategy, the...

Serbia targets global bond investors through euroclear integration

One of the least discussed but potentially most consequential elements of Serbia's fiscal strategy concerns the country's ambitions in international capital markets. While infrastructure projects...

Serbia’s €8 billion infrastructure pipeline reveals the real economic strategy behind EXPO 2027

The most revealing section of Serbia’s revised Fiscal Strategy is not the macroeconomic forecast, the public debt trajectory or the fiscal deficit target. It...

Serbia’s revised fiscal strategy 2026–2028: A growth plan built on public investment, lower debt and higher execution risk

Serbia’s revised fiscal strategy for 2026–2028 is built around a clear official baseline: slower growth in 2025, recovery in 2026, acceleration in 2027 around EXPO 2027, and a gradual return toward...

Debt strategy and liability management signal Serbia’s shift toward active sovereign risk control

Serbia’s fiscal and debt strategy is entering a more proactive phase, reflecting a changing global financial environment in which refinancing risk, interest rate exposure...

Serbia commits €2.3bn to EPS-led energy expansion as Fiscal Strategy signals structural shift in power system

Serbia’s revised Fiscal Strategy for 2026–2028 places the energy sector at the core of its capital deployment cycle, with a concentrated package of state-backed guarantees effectively...

Serbia’s Fiscal Strategy 2026–2028 reframes growth around construction surge, services peak and delayed industrial recovery

Serbia’s revised Fiscal Strategy for 2026–2028 outlines a growth model that is unusually front-loaded in public investment, with construction-led expansion in the near term, a services-driven...

Serbia’s fiscal strategy for 2026–2028 maintains deficit targets despite economic challenges

Serbia’s draft fiscal strategy for 2026, with projections through 2027 and 2028, maintains the previously set fiscal policy direction despite slower economic growth, new...

Fiscal risk increases with every budget revision, as spending on Expo and National Stadium soars without explanation

The International Monetary Fund (IMF) is nearing the end of its sixth precautionary arrangement with the Serbian Government. In its latest report, released on...

Serbia’s Revised Fiscal Strategy: Transparency in infrastructure projects and IMF pressure to improve management

Serbia has taken a significant step in improving the transparency of its state investments with the publication of the "Revised Fiscal Strategy for 2025...

Fiscal Council criticizes revised budget strategy for increased deficit and insufficient transparency

The Fiscal Council of Serbia has expressed concerns over the government's revised Fiscal Strategy for 2025, which includes projections for the next three years....

Serbia, The fiscal strategy envisages a gradual stabilization of the budget

The revised fiscal strategy puts Serbia's public debt on a safe downward path in relation to the gross domestic product, the Fiscal Council estimated. According...
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