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Beograd

Belgrade forced to borrow 15 billion dinars

June 25, 2025, 14:02 p.m Novak Markovic
The Mayor of Belgrade, Aleksandar Šapić Photo: Tanjug/Jadranka Ilić
The Mayor of Belgrade, Aleksandar Šapić
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"Aleksandar Šapić intends to transfer the consequences of all his mistakes to the burden of the citizens of Belgrade and some future city authorities, so he is forced to borrow 15 billion dinars from commercial banks," points out Nikola Jovanović, director of the Center for Local Self-Government

Mayor of Belgrade, Aleksandar Šapić and the city Beograd they were forced to borrow 130 million euros from commercial banks. All that, according to the words Nikola Jovanović, must happen in order for the city of Belgrade to continue to function normally.

"The current budget rebalancing, which will be on the agenda of the Belgrade City Assembly session tomorrow, confirms all the negative trends we warned about: reduction of own revenues, increase in taxes for bus carriers and party bureaucracy, as well as the postponement of all key projects organized by the city government," adds Jovanović.

Jovanović stated that such borrowing is agreed upon in a situation where the republican government has already taken over the financing of most capital projects in Belgrade, including the decision to hand over to the city one hundred electric buses that will be procured for Expo 2027, after the end of that exhibition, CLS announced.

Mila Popović, president of the Belgrade Committee of the Freedom and Justice Party and MP, points out that Šapić is trying to cover the holes in the budget of the City of Belgrade with new loans of 15 billion dinars. This is the essence of the proposed rebalancing of the budget for the session of the Belgrade Assembly scheduled for Friday.

"It is shameful that this new, huge borrowing is justified by increasing the salaries of employees and hot meals, because the costs for these purposes have only increased by 0,8 billion dinars."

"The definition of catastrophic planning is when, after only six months, you are missing RSD 15 billion," concludes Mila Popović.

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Beograd Aleksandar Šapić Banks Director of the Center for Local Self-Government Nikola Jovanović
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