The cumulative growth rate in the period from 2024 to 2026, according to the mid-term macroeconomic projection, will amount to 12.2%, and the potential gross domestic product in this period will gradually increase at an average rate of 3.8%, as stated in the program of economic reforms for the period from 2024 to 2026, published by the Ministry of Finance. It is estimated that, on average, the Serbian economy will grow at a rate of 3.9% annually, and the increase in real household consumption will follow the growth of economic activity, averaging 3.7%.
Regarding exports and imports, it is expected that exports will grow annually on average by 10.0%, faster than the expected annual growth in imports, which will average 9.3%.
This document outlines the medium-term framework of macroeconomic, fiscal, and monetary policies, as well as a detailed presentation of structural reforms aimed at contributing to the increased competitiveness of the national economy, economic growth and development, the creation of new jobs, and improved living conditions for the citizens of Serbia over a three-year period.
It is stated that the economic reform program for the period 2024-2026, in line with the guidelines of the European Commission, is focused on a narrower set of structural reforms compared to previous cycles, with the primary focus on implementing established priorities.
This document outlines the medium-term framework of macroeconomic, fiscal, and monetary policies, as well as a detailed presentation of structural reforms aimed at contributing to the increased competitiveness of the national economy, economic growth and development, the creation of new jobs, and improved living conditions for the citizens of Serbia over a three-year period. It is stated that the economic reform program for the period 2024-2026, in line with the guidelines of the European Commission, is focused on a narrower set of structural reforms compared to previous cycles, with the primary focus on implementing established priorities.
In line with this, the number of structural reforms is limited to six, two from each of the areas – competitiveness, sustainability and resilience, and human capital and social policies. The structural reforms described in the document relate to improving conditions for further growth of Serbia’s external trade, enhancing the competitiveness of all market participants in Serbia, including state-owned enterprises, creating a knowledge-based economy that will provide conditions for the development and placement of top-notch innovative products and services, competitive in the global market.
