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Faculty of Economics University of Niš , Niš , Serbia
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Faculty of Economics University of Niš , Niš , Serbia
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Faculty of Economics University of Niš , Niš , Serbia
Faculty of Economics University of Niš , Niš , Serbia
Agricultural and rural development policy constitutes a fundamental component of the economic development strategies across nations. Within the European Union, significant emphasis is placed on the advancement of agriculture and rural areas, recognizing their critical role in fostering economic resilience, ensuring food security, and promoting environmental sustainability. This prioritization is substantiated by considerable budgetary allocations aimed at supporting the implementation of policies that enhance agricultural productivity, stimulate innovation and improve socio-economic conditions in rural regions. These financial resources are directed toward initiatives that address the challenges faced by rural communities and the agricultural sector, ultimately contributing to long-term sustainable development. On the other hand, the Republic of Serbia, a country with significant agricultural potential and opportunities for sustainable rural development, has long allocated insufficient budgetary funds to the agricultural sector. In its efforts to harmonize with the regulations and legislation in the field of agriculture, the Republic of Serbia aspires to access the European Union's agricultural funds and become a full-fledged beneficiary. In this context, the subject of this paper is a multi-year detailed review of the financial allocations from the overall budget designated for the agricultural sector in the Republic of Serbia. Building on the subject of the paper, the aim is to analyze the financial subsidies directed towards the agricultural sector of the Republic of Serbia, with a focus on their applicability and effectiveness.
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