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The Government of the Republic of Serbia

In the service of citizens

Parliament adopts 2026 budget

Belgrade, 3 December 2025

The National Assembly of the Republic of Serbia today adopted the Law on the Budget of the Republic of Serbia for 2026, according to which revenues in the next year will amount to RSD 2,414.7 billion, which is 2.9%, or RSD 68.5 billion, more than the amount of revenues foreseen in the original budget for this year.

Total budget outlays are planned to amount to RSD 2,751.7 billion, the fiscal deficit is projected at RSD 337 billion, or 3% of gross domestic product (GDP), with an economic growth rate of 3%.

The budget for next year allocates 6.7% for capital investments, and funds are also foreseen to increase salaries in the public sector by 5.1%, pensions from December this year by 12.2%, and minimum wages from 1 January next year by 10.1%.

When it comes to revenues, the largest revenue item is value added tax (VAT), projected at RSD 1,084 billion, which represents a nominal increase of 8.2% compared to the estimate for this year, and its share in the structure of total revenues in 2026 is projected at 44.9%.

As for expenditures, the largest item is funds for employees, i.e., for their salaries, benefits, allowances, social contributions at the expense of the employer and other expenses, for which RSD 656.15 billion is earmarked.

An amendment to the budget submitted by Serbian Progressive Party MP Veroljub Arsić and adopted by the parliament allocated an additional RSD 164 billion for the acquisition of financial assets in order to ensure the country’s energy security and stability.