Debt of 17 companies with benefits totals EUR 700 m

Debts to commercial trustees of 17 strategic companies which have extended deadline for privatization in the next year totals EUR 700 m, it was written in the analysis of the Fiscal Council published in a new edition of Kvartalni monitor magazine published by FREN.

- If the state, in order to find a strategic partner, would take over commercial debts of these companies which has already been done in the case of JAT, totaling RSD 20 billion in 2014, additional expenditures, in the worst case scenario could total EUR 700 m, which would not be bearable absolutely- it was written in the analysis presented on Tuesday, (June 23, 2015) at the Faculty of Economics.

It was specified that according to last available data, commercial debts of 17 strategically important decisions in restructuring in 2013, totaled EUR 700 m.

President of the Fiscal Council, Pavle Petrovic, said it is a huge risk since these costs were not contained within a three-year fiscal consolidation plan.