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The Government of the Republic of Serbia

In the service of citizens

Care for people, country’s further development pillars of budget revision

Belgrade, 24 August 2026

First Deputy Prime Minister and Minister of Finance Siniša Mali expounded on the 2026 budget revision bill at a session of the Serbian parliament today, emphasising that it prioritises care for people while ensuring the continuation of major capital investments.

Mali noted that it is important to understand the context in which the budget revision is proposed, primarily the ongoing global challenges, conflicts and instabilities that create pressure on the prices of oil and oil derivatives.

Despite everything, we are doing well – with inflation at 1.9% in July, a growth rate of 3.4% in the first half of the year and 3.6% in the second quarter, the First Deputy Prime Minister said.

He stated that Serbia will exceed a GDP of €95 billion this year for the first time.

He also pointed out that the country’s public debt is under control and will not exceed 45% by the end of the year.

As he stated, Serbia currently has almost RSD 600 billion in its account, which means that it is fully liquid, as well as more than 50 tonnes of gold in reserves and more than €30 billion in foreign exchange reserves, with a stable exchange rate, despite pressures and challenges.

Budget revenues this year are higher than planned, and the revision provides for an additional RSD 112.5 billion in revenue compared with the initial budget.

Mali said that the revision bill increased the budget for capital investments, which amounts to 7% of GDP, or about RSD 780 billion.

He specified that the budget revision provides for almost RSD 30 billion more for the health sector, that 7.3% of the budget has been allocated for the Ministry of Agriculture, Forestry and Water Management for the first time, and that almost RSD 25 billion more has been provided for social protection.

Mali pointed out that the unemployment rate in Serbia is currently 8.9%, and that a stable labour market will continue to be a goal going forward, along with the opening of factories and new jobs.