infrastructure

Serbia Expands Public Investment While Government Debt Holds Near 44% of GDP

Serbia sharply increased public investment during the first seven months of 2026, while general-government debt remained around 44% of GDP amid continued infrastructure and Expo-related spending. The general government recorded a fiscal deficit of RSD 105 billion, equivalent to roughly €900 million, in January-July. Government revenue increased 11% year on year, supported by higher social-security contributions, VAT and non-tax income, as well as increased corporate profit-tax receipts. Capital spending drives expenditure growth Government expenditure rose faster than revenue, increasing 15.1%…