Tag Archives: fiscal position
Montenegro’s first-quarter deficit beats plan, but spending rigidity keeps fiscal risk in focus
Montenegro’s central government posted a €124mn budget deficit in the first three months of 2026, well below the planned gap, helped by stronger revenue collection. But…
Serbia’s 1Q 2026 fiscal shift: faster spending growth widens deficits and tightens financing
In the first quarter of 2026, Serbia moved decisively toward expansionary fiscal policy as expenditures accelerated far faster than revenues. The result is a widening deficit—paired…
Serbia’s 2026 fiscal outlook: stability on the surface, structural pressures underneath
Serbia’s 2026 revenue picture is broadly steady as inflation and consumption remain supportive, but monthly swings and a more investment-heavy budget highlight growing sensitivity to industrial…
Serbia’s early-2026 budget expansion leans on capital spending, widening the deficit
Serbia’s budget position in the first two months of 2026 deteriorated as expenditures surged faster than revenues, driven largely by a sharp rise in capital investment.…
Montenegro’s euroised budget looks stable in early 2026, but the margin for error is thin
Montenegro’s January 2026 budget shows manageable strain—revenues of €162.6 million and a deficit of €33.2 million (about 0.4% of estimated GDP). But with euroisation removing key…