Fiscal Balance in Serbia

Serbia Fiscal Balance | Economic News & Forecasts

Serbia - Fiscal Balance

The economy should have continued to grow in Q3, albeit at a somewhat softer pace than in Q2. Industrial output growth slowed notably in the quarter, while growth in goods exports also lost steam. In addition, merchandise imports expanded at a softer rate in the period, pointing to cooling momentum in the domestic economy. Moreover, retail sales growth slowed on average in the third quarter, partly due to rising price pressures eating into consumers’ pockets. Turning to the fourth quarter, inflation will continue to weigh on household spending, with price pressures reaching an over eight-year high in October. Meanwhile, on 3 November the government adopted the 2022 draft budget, which projects a 3.0% fiscal deficit. A key element of the budget is infrastructure investment, which should improve growth potential. The plan was greenlighted by parliament in late November.

Serbia - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.5  -1.2  1.1  0.6  -0.2  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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