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Trends in healthcare costs in Serbia

Healthcare system has an important role in the contemporary countries' economic development. Health expenditures are affected by many economic, as well as noneconomic factors. The importance of health and health system financing is particularly evident in the circumstances of the COVID-19 coronavirus pandemic, which caused a significant increase in unforeseen heath expenditures, as well as the emergence of fiscal deficit in many countries around the world. The purpose of this paper is to provide insight into the trend of the most important health spending indicators in Serbia in the period from 2012 to 2017. The paper concludes that in addition to the reform of the national health financing system, the Serbian Government should implement austerity measures to make health expenditures more sustainable.