New dollar increase will increase public debt of Serbia

At the conference "World in 2016" in Belgrade organized by British magazine , "The Economist", he said that “new dollar increase will increase Serbia’s public debt”.

On Wednesday, FED increased interest rates after seven years of record low level for a quarter of a point, ranging from 0,25 to 0,5%. This increase was estimated as a reflection of belief that the world economy is finally recovering from the crisis in 2008.

Since the beginning of the year until the end of November, dollar increased by 13% compared to euro which increased public debt of Serbia for more than EUR 1 billion, i.e. almost 3% GDP.
In 2016, Serbia is planning to indebt in dollars when contracted loan with UAE of USD 1 billion will arrive.