Serbia: Public Debt Grows Unstopped

Business › Economy ♦ Published: August 7, 2013; 07:11 ♦ (Vindobona)

At end-March 2013, public debt of the Republic of Serbia4 amounted to EUR 19.4 bln, up by EUR 1.7 bln on end-2012.

Serbia: Public Debt Grows Unstopped / Picture: © Vindobona.org

The share of public debt in estimated GDP thus increased by 2.9 pp to 62.2%. As in the previous quarter, the strongest boost to public debt growth came from the sale of Eurobonds in the international financial market. Eurobonds pushed up external public debt by EUR 1.5 bln and internal by EUR 261.7 mln.

External public debt recorded a…

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