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The Government of the Republic of Serbia

In the service of citizens

Serbian parliament adopts 2018 budget law

Belgrade, 14 December 2017

The Serbian parliament adopted today the Law on the budget for 2018, with the revenues planned in the amount of RSD 1,178 billion and expenditures of RSD 1,207 billion.

One hundred and fifty MPs voted for the budget, twelve were against, none were abstained, and two MPs did not vote.

The planned fiscal deficit at the level of the Republic for the next year is 0.6 percent of GDP, or RSD 28.4 billion, which is RSD 40.7 billion less than the deficit planned for the 2017 budget.

In 2018, an increase in wages by 10 percent in the public sector is envisaged and 5 percent in the administration, as well as an increase in pensions by 5 percent.

In addition to the space for higher salaries and pensions, more money for investments is also earmarked.

The next year's budget is planned based on projections that economic growth in the next year will be 3.5 percent of GDP, with a GDP deflator of 2.8 percent and a consumer price index of 2.7 percent.

A total of RSD 128.3 billion is planned for capital investments, of which the largest amount, RSD 54 billion, is for infrastructure.

In relation to the realisation in the current year, investments next year will for the first time be 30% larger and will amount to more than RSD 180 billion at the level of the general government, or RSD 128 billion at the level of the Republic.