Financing of development projects and european integration of Serbia Cover Image

Финансирање развојних пројеката и европске интеграције Србије
Financing of development projects and european integration of Serbia

Author(s): Aleksandar Gajić
Subject(s): Law, Constitution, Jurisprudence, EU-Legislation
Published by: Институт за међународну политику и привреду
Keywords: development projects; local governments; economic and social development; European integration; EU; Serbia

Summary/Abstract: The financing of the most significant development projects intended for local self-government units in the Republic of Serbia originates from European Union (EU) funds. Development projects are distributed through various EU support programmes for social and economic development. By combining grants and loans into a single financial support for the development of various fields (from ecology, energy, and transport to social policy and private sector development),the EU provides assistance to the Republic of Serbia in preparation for its full membership in this organisation. The basic condition for projects to obtain the necessary financial resources is their readiness and availability (possession of plans and necessary technical documentation, studies, permits, etc.), with which local communities have a greater opportunity to participate in publicly announced tenders. Unfortunately, the majority of local self-government units do not meet the requirements of readiness and availability of projects, nor do they have sufficient personnel and technical capacities for their preparation and implementation. Despite this aggravating circumstance, local self-government units are able to use funds from EU pre-accession aid. After state reforms and harmonisation of domestic legislation with EU legislation, the Republic of Serbia will be able to use funds from structural funds that would contribute to improving the quality of life and sustainable economic development.

  • Issue Year: 22/2023
  • Issue No: 81-82
  • Page Range: 134-146
  • Page Count: 13
  • Language: Serbian