southeast europe

Serbia’s Seven-Month Deficit Beats Target as July Spending Accelerates

Serbia recorded a €833 million central-government budget deficit in the first seven months of 2026, about €321 million below the planned shortfall, according to Finance Ministry data. The government had projected a deficit of approximately €1.15 billion for the January-July period, making the actual result around 28% smaller than expected. Fiscal spending accelerated sharply in July. The monthly deficit reached about €394 million, with revenues of roughly €1.90 billion compared with expenditure of around €2.30 billion. Capital expenditure drives July…