# Fiscal Council of the Republic of Serbia

An independent state body that assesses public finances. It estimated that EPS and Srbijagas lost about one billion euros in the winter of 2021/22, a loss that could and should have been avoided with better management; that EXPO could cost €3.4 billion rather than the announced €1.8 billion; and that in 2025 alone public entities signed contracts worth about seven billion euros outside the Public Procurement Act.

## Affairs

- [Government gives the Serbian Orthodox Church millions from the budget reserve](https://odgovornost.rs/en/afere/budzetska-rezerva-spc): It warns that the Government spends the budget reserve too broadly and without transparency, bypassing parliament, and that much of that spending is secret
- [The collapse of EPS under Milorad Grčić](https://odgovornost.rs/en/afere/eps-kolaps-grcic): It estimated the losses of EPS and Srbijagas at around a billion euros and concluded that they could have been avoided with better management
- [EXPO 2027 – a special law and contracts without public procurement](https://odgovornost.rs/en/afere/expo-2027): He estimated the interest at around €700 million and the final price at 3.4 billion, instead of the 1.8 billion announced
- [No-tender deals under intergovernmental agreements](https://odgovornost.rs/en/afere/medjudrzavni-sporazumi-kina): He reported that in 2025 public bodies signed contracts worth around seven billion euros outside the Public Procurement Law
- [Srbijagas under Dušan Bajatović](https://odgovornost.rs/en/afere/srbijagas-bajatovic): It cited a debt of €1.3 billion at the end of 2017 and said that about 70 percent of the guarantees for 2026 go to Srbijagas

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Source: Odgovornost, https://odgovornost.rs/en/organizacije/fiskalni-savet  
As of: 9 Nov 2026  
Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)