Serbia’s National Bank (NBS) transferred 33.86 billion dinars (~€288.6 million) to the state budget on November 24, 2025, based on surplus revenue from last year’s final accounts. This payment, Radar reports exclusively, comes just eight days after President Aleksandar Vučić referenced a so-called “special operation” during an extraordinary government session on November 16.
During that session, Vučić hinted that, if necessary, the government would find funds for NIS (Serbia’s national oil company), addressing NBS Governor Jorgovanka Tabaković directly about the “special operation.” Observers note that the operation seems to be a coordinated effort between Vučić, Tabaković, and Finance Minister Siniša Mali, with NBS playing a central role.
This record payment is notable because:
- It is 2.7 times higher than last year’s previous record of 12.3 billion dinars.
- It exceeds the total transfers from NBS over the past five years (2020–2024) by 4.1 billion dinars, during which some years saw no payments at all.
Experts suggest this could be the first stage of a larger financial “operation”, with additional transfers expected in the future, though the scale and purpose remain unclear.
