Serbia’s public debt drops in April

 According to the ministry statement, the public debt stood at 23.72 billion Euro or 59 percent of the GDP a month earlier. It recalled that the public debt was at the level of 24.82 billion Euro or 71.9 percent of the GDP in December 2016 and at 74.7 percent of the GDP with the same amount in Euro at the end of 2015. Serbia’s public debt of 20.14 billion Euro at the end of 2013 was 59.6 percent of the GDP.

  The lowest public debt was in 2008 when it stood at 8.78 billion Euro or 28.3 percent of the GDP.  

The law on the budget system limits the percentage of the public debt in the GDP to 45 percent.