Today, the Serbian Parliament adopted the 2025 Budget Law, according to which revenues next year will amount to RSD 2,346.2 billion, and costs and expenditures to RSD 2,660.2 billion.
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Parliament adopts 2025 Budget Law
Belgrade,
27 November 2024
A total of 144 MPs voted in favour of the budget for 2025, three MPs were against, while one abstained from voting.
The projected GDP growth rate for 2025 is 4.2%, and the budget deficit will amount to 3% of GDP. The general government public debt is projected at 47.5% of GDP in 2025.
The budget sets aside funds for an 8% increase in public sector salaries, an 11% raise for teachers starting next year, and a 10.9% increase for retirees, starting with the pension for December this year.
A total of 7.4% of GDP, or RSD 762.9 billion, is allocated for capital investments, which is planned to be invested in expressways, high-speed railways, motorways, health care centres, schools and hospitals.
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