The Fiscal Council has raised concerns with regards to reallocations during budget execution and the limited information about capital projects in budget documentation.16 The 2020 EU assessment notes the lack of more 14 Coalition 27 was established by civil society organizations in 2014 with the aim of monitoring and contributing to the process of harmonization and implementation of the policies a [...] A 2021 stock-take of the public investment management (PIM) legislative framework, in particular the 2019 Decree on Capital Project Management issued by the MoF, identifies several areas for improvement, including the need to increase the scope of the Decree; unify the framework so that the same strengthened standards for projects preparation and implementation apply to all public investment proje [...] This situation does not inform foreign bidders of the current procurement conditions in the country and the opportunities available to them as all the Laws related to the Public Procurement Law (PPL) and even the online training on the portal are all in Serbian. [...] The importance of PIM for improving the quality and efficiency of infrastructure creation and maintenance, and ultimately for increasing and sustaining economic growth, is recognized by the authorities and features prominently in the Economic Reform Program (ERP) for 2021-23. [...] Improving public financial management for service delivery and green growth (P175655) further work needs to be done on streamlining requirements, expanding the scope of the system, and strengthening the linkages to the broader PFM system as well as enabling conditions for the effective implementation to allow the agenda to move forward.