infrastructure investment

Serbia’s 2027 Budget Deadline Puts Infrastructure Funding and State Guarantees in Focus

Serbia’s €6.6 billion capital investment programme, estimated in the revised 2026 budget, faces a key planning milestone as uncertainty over the adoption of the 2027 budget raises questions about new borrowing, sovereign guarantees and the continuity of public investment. The outcome will affect the financing timetable for infrastructure, energy and transport projects, as well as contractors, lenders, state-owned enterprises and engineering companies. A delayed budget would not automatically stop ongoing construction, but it could complicate new contractual commitments and projects…