Both EXPO and the National Stadium went up in price: Revised Fiscal Strategy for 2026 was adopted.

Link to original article: https://n1info.rs/biznis/poskupeli-i-expo-i-nacionalni-stadion/

The fiscal strategy for 2026, with projections for 2027 and 2028, has been changed – according to the data published in the recently adopted Revised Fiscal Strategy. The total costs for EXPO 2027 and the National Stadium will be – even higher.

The Government of Serbia adopted the Revised Fiscal Strategy for 2026 with projections for 2027 and 2028.

As it was announced – economic growth will be lower than originally projected.

“In the revised macroeconomic framework for 2026, GDP growth of three percent is projected, which is 1.2 percentage points less compared to previous expectations, and reflects a more conservative approach to planning in conditions of increased risks,” the revised Strategy states.

Read more:

• How much has been invested so far, and how much EXPO, the National Stadium and 54 other investments will cost us
• Mali claims: The National Stadium costs 464 million euros, we clarified everything with the Fiscal Council

The key drivers of growth, as stated, remain domestic demand, real income growth, continued public and private investments and the implementation of projects related to EXPO 2027 and the Leap into the Future program.

EXPO 2027 continues to have a prominent position among the capital projects of Serbia in the medium-term plan, as well as the National Stadium and the accompanying line infrastructure.

However, according to the review of investment projects in the republic budget, which was published as part of the Strategy (and includes expenditures for non-financial assets above 20 million euros), it can be seen that in the revised Strategy there are not 56 projects as in the originally adopted one, but – 52.

The four projects that are no longer on this list (expenses for non-financial assets above 20 million euros) are: the construction of a new port in Belgrade, for which the estimated value was 11.38 billion dinars, then the adaptation of the ship lock as part of HEPS Đerdap 1, the estimated value of 3.5 billion dinars, then the acquisition of buildings owned by the Republic of Serbia in the amount of 5.22 billion dinars and the creatively innovative multifunctional center Ložionica, the value of which is 10.49 billion dinars.

Otherwise, the total estimated value of 52 projects is 65.25 billion dinars higher than it was according to the original strategy adopted in June of this year for all 56 projects – now the value of 52 projects is 2,533.6 billion dinars, while previously the value of 56 projects was 2,468.35 billion dinars.

The estimated total value of the EXPO 2027 project is, according to the revised strategy, 142.25 billion dinars, and it was 139.59 billion dinars, which is 2.66 billion dinars more (about 22.7 million euros more).

The estimated total value of the National Football Stadium construction project is now 74.96 billion dinars, and the estimate five months ago was 67.5 billion dinars, which is 7.46 billion dinars more (63.65 million euros more)!

The line infrastructure and heat source project has also become more expensive – it is now 62.45 billion dinars, while it was estimated at 40.5 billion dinars. That is a difference of as much as 21.95 billion dinars (187 million euros more). Admittedly, the project is now called “Line infrastructure and heat source”, and in the original strategy it was only called “Line infrastructure”.

52 capital projects

2,533,576,449,472 dinars – total estimated value

915,304,854,264 dinars – spent on them until 2025.

*Revised fiscal strategy for 2026.

A detailed table showing how much funds were spent for each of the 56 projects ending in 2024, as well as what the annual investment plan is in 2025, 2026, 2027 and 2028 and the total planned value of each individual project, according to the original Fiscal Strategy for 2026 . adopted at the end of June this year, you can view HERE – Investments above 20 million euros – Fiscal strategy for 2026, Draft .

You can find a detailed table of 52 investment projects in the new, revised Strategy for 2026 HERE .

How much was the estimated value of projects in last year’s Revised Fiscal Strategy for 2025, see HERE – Revised Fiscal Strategy for 2025 with 56 projects .