{
  "title": "Republic of Serbia: Technical Assistance Report-Fiscal Transparency Evaluation",
  "publication": "Technical Assistance Reports, August 21, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/21/republic-of-serbia-technical-assistance-report-fiscal-transparency-evaluation-578987",
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  "summary": "This report presents the findings of the Fiscal Transparency Evaluation conducted for Serbia at the request of the Ministry of Finance. The evaluation assesses Serbia’s fiscal transparency practices against the requirements of the IMF Fiscal Transparency Code.",
  "sections": [
    {
      "heading": "Evaluation scope and context",
      "content": "- Report presents findings of the Fiscal Transparency Evaluation conducted for Serbia at the request of the Ministry of Finance.\n- The evaluation assesses Serbia’s fiscal transparency practices against the requirements of the IMF Fiscal Transparency Code.\n- Publication date: August 21, 2026.\n- Pages: 70\n- Volume: 2026\n- Issue: 063\n- Series: Technical Assistance Report No. 2026/063\n- DOI: https://doi.org/10.5089/9798229057981.019\n- Stock No: TAREA2026063\n- ISBN: 9798229057981\n- ISSN: 3005-4575"
    },
    {
      "heading": "Main findings",
      "content": "- Strongest practices:\n  - First two pillars: fiscal reporting; and fiscal forecasting and budgeting.\n- Weaker performance:\n  - Third pillar: fiscal risk management, reflecting ongoing reform efforts in this area.\n- Reporting and disclosure gaps:\n  - Need for more comprehensive and timely fiscal reports that better disclose the government’s financial performance.\n  - Specific gaps highlighted include reconciling financing with changes in debt and quantifying tax expenditures.\n- Budget coverage and medium-term planning:\n  - Budget coverage should be expanded to include the remaining extrabudgetary funds.\n  - The effectiveness of medium-term budgeting should be strengthened.\n- Forward-looking analysis:\n  - More forward-looking analysis of vulnerabilities in public finances would support better-informed decision-making.\n  - Areas mentioned for forward-looking scrutiny include obligations related to public corporations, and long-term pension and health spending pressures."
    },
    {
      "heading": "Policy recommendations (implied by evaluation findings)",
      "content": "- Enhance fiscal reporting:\n  - Produce more comprehensive and timely fiscal reports.\n  - Reconcile financing flows with changes in public debt.\n  - Quantify and disclose tax expenditures.\n- Broaden budget coverage:\n  - Bring remaining extrabudgetary funds within the budget perimeter to improve transparency and comprehensiveness.\n- Strengthen medium-term budgeting:\n  - Improve the effectiveness of medium-term budgeting frameworks to support fiscal sustainability.\n- Improve fiscal risk management:\n  - Advance reforms to strengthen the management and disclosure of fiscal risks under the third pillar.\n- Conduct forward-looking vulnerability analysis:\n  - Systematically assess and disclose long-term pressures, including those from public corporations, pensions, and health spending."
    },
    {
      "heading": "Thematic subjects and keywords",
      "content": "- Subjects: Economic and financial statistics; Expenditure; Fiscal reporting; Fiscal risks; Government finance statistics; Public debt; Public financial management (PFM).\n- Keywords: authoring department; authorities of Serbia; Budget planning; Eastern Europe; Europe; Expenditure; financial asset; Financial statements; Fiscal reporting; Fiscal risks; Fiscal Transparency; General government; Global; Government finance statistics; Public financial management (PFM).; Republic of Serbia denar; Southern Africa; Statistical office; transparency Serbia\n\nInternational Monetary Fund. Fiscal Affairs Dept. \"Republic of Serbia: Technical Assistance Report-Fiscal Transparency Evaluation\", Technical Assistance Reports 2026, 063 (2026), DOI: https://doi.org/10.5089/9798229057981.019\n\n---\n\n Content in this bundle\n\n- Tarea2026063\n  - Tarea2026063 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Tarea2026063 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/21/republic-of-serbia-technical-assistance-report-fiscal-transparency-evaluation-578987"
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    "Published: August 21, 2026",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798229057981.019",
    "Report presents findings of the Fiscal Transparency Evaluation conducted for Serbia at the request of the Ministry of Finance.",
    "The evaluation assesses Serbia’s fiscal transparency practices against the requirements of the IMF Fiscal Transparency Code.",
    "Publication date: August 21, 2026.",
    "Pages: 70",
    "Volume: 2026",
    "Issue: 063",
    "Series: Technical Assistance Report No. 2026/063",
    "DOI: https://doi.org/10.5089/9798229057981.019",
    "Stock No: TAREA2026063",
    "ISBN: 9798229057981",
    "ISSN: 3005-4575",
    "Strongest practices:",
    "Weaker performance:",
    "Reporting and disclosure gaps:",
    "Budget coverage and medium-term planning:",
    "Forward-looking analysis:",
    "Enhance fiscal reporting:",
    "Broaden budget coverage:",
    "Strengthen medium-term budgeting:",
    "Improve fiscal risk management:",
    "Conduct forward-looking vulnerability analysis:",
    "Subjects: Economic and financial statistics; Expenditure; Fiscal reporting; Fiscal risks; Government finance statistics; Public debt; Public financial management (PFM).",
    "Keywords: authoring department; authorities of Serbia; Budget planning; Eastern Europe; Europe; Expenditure; financial asset; Financial statements; Fiscal reporting; Fiscal risks; Fiscal Transparency; General government; Global; Government finance statistics; Public financial management (PFM).; Republic of Serbia denar; Southern Africa; Statistical office; transparency Serbia",
    "**Tarea2026063**"
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