The forests of Serbia have always been an important national asset serving many functions and attracting the interest of a wide array of stakeholders. As Serbia is a country with an economy in transition it is expected that it will formulate a National Forest Programme (NFP) within two to three years. The main objective of this paper is to highlight the process of formulation or revision of an NFP in future forest policy in the country. As such particular account is taken of the authority, the existing structure and the activity of the Directorate of Forestry, as well as the forest ownership pattern in Serbia.