- Category: Economy
- Published on Thursday, 05 September 2019 13:10
September 4, 2019
Serbia’s public debt stood at 51.9 percent of the GDP at the end of July this year, the Finance Ministry said on Wednesday.
The statement said that the public debt amounted to 23,84 billion Euro and increased by some 300 million Dinars (1 Euro – 118 Dinars) compared to June.
The public debt stood at around 23 billion Euro at the end of 2018 or 53.8 percent of the GDP and at 23.2 billion Euros or 61.5 percent of the GDP at the end of 2017. The public debt stood at 24.8 billion Euro or 71.9 percent of the GDP in December 2016 and at 24.8 billion Euros or 74.7 percent of the GDP at the end of 2015.
Serbia’s public debt stood at 14.17 billion Euros or 201.2 percent of the GDP at the end of the year 2000. The lowest public debt was in 2008 when it stood at 8.78 billion Euros or 28.3 percent of the GDP. The law on the budget system limits the public debt to 45 percent of the GDP.