Serbia's Budget: NIS Takeover, Expo Funding, Military Service

Serbias parliament has approved a budget for 2026, projecting a fiscal deficit of $3.35 billion, or 3% of GDP. The budget allocates $164 billion for a potential takeover of NIS, an oil firm under US sanctions, if its Russian owners dont sell by mid-January. The ruling coalition, led by the Serbian Progressive Party, easily passed the budget, which includes $62 billion for capital expenditure, with $47.5 billion for the Expo 2027 international fair and provisions for increased public sector wages and pensions. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.