Serbia’s parliament has adopted a 2026 budget that sets a 3 % deficit and reserves 164 billion dinars (about $1.6 billion) for a potential state takeover of oil firm NIS.
Lawmakers endorsed the spending plan in Belgrade on Wednesday, approving a fiscal deficit of 337 billion dinars (about $3.35 billion), equivalent to 3 % of GDP, according to the Finance Ministry. The vote passed comfortably, with the ruling Serbian Progressive Party and its allies holding 154 seats in the 250-seat parliament.
Total revenues are projected at 2,414.7 billion dinars (about $24 billion) and expenditure at 2,751.7 billion dinars (about $27.4 billion).
The budget earmarks 164 billion dinars (about $1.6 billion) that Serbia could use to seize control of NIS, the country’s dominant oil company, from Russian owners Gazprom Neft and Gazprom if they fail to sell their stake by mid-January. NIS has been subject to U.S. sanctions since 2022.
Capital spending is set at 602 billion dinars (about $6 billion), including 47.5 billion dinars (about $470 million) allocated for Expo 2027, which Belgrade is preparing to host.
The plan also sets aside funds for the reintroduction of mandatory military service over the next three years, alongside increases in public-sector wages and pensions, officials said.
U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end fighting between the United States and Iran, as Reut...
Australia put on a defensive masterclass as they beat Türkiye 2-0 in Vancouver in the final opening Group D match....
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent can...
The International Monetary Fund (IMF) has urged Georgia to implement reforms to tackle youth unemployment. Nearly 30 per cent of people aged 15-24 ar...
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterren...
The International Monetary Fund (IMF) has urged Georgia to implement reforms to tackle youth unemployment. Nearly 30 per cent of people aged 15-24 are without a job in the country, according to World Bank data.
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
Hundreds of protesters have torn down fences surrounding a planned luxury development site in Albania, as public anger continues to mount over construction in environmentally sensitive areas.
George Russell continued Mercedes's dominant qualifying form by securing pole position for the Barcelona-Catalunya Grand Prix, while Lewis Hamilton ensured an all British front row with second place for Ferrari.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
British Prime Minister Sir Keir Starmer says British armed forces intercepted a Russian shadow fleet oil tanker early on Sunday, as it attempted to pass through the English Channel.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment