Public debt of Serbia reduced to 67.1% of GDP in May 2017

The public debt of Serbia amounted to around EUR 24.06 billion at the end of May 2017, which is 67.1% of the country’s gross domestic product (GDP), reported the Ministry of Finance.

The amount of the public debt at the end of May is lower by EUR 100 million compared to April, when it equaled EUR 24.16 billion, and its participation in the GDP was reduced by 0.6% from April’s 67.7%.

At the end of December 2016, the public debt amounted to around EUR 24.82 billion, i.e. 72.9% of the GDP.

The biggest share of the public debt in Serbia’s GDP, 201.2%, was recorded at the end of 2000, whereas the lowest value was recorded in 2008, when it amounted to 28.3% of the GDP.

The Budget System Law limits the share of the public debt in the GDP to 45%.

Ministarstvo finansija Republike Srbije

public debt of Serbia

share of public debt in GDP of Serbia

GDP of Serbia

Budget System Law