Vucic: Serbia's GDP growth will be 7.5%

The growth rate of Serbia's gross domestic product (GDP) will amount to 7.5% by the end of the year, said the President of Serbia, Aleksandar Vucic.

- The Ministry of Finance is somewhat more conservative in its estimation, but we talked with the Republic Bureau of Statistics (RZS). The entire state leadership had a meeting and we expect the growth to be as high as 7.5% - said Vucic at the press conference in the Palace of Serbia.

Vucic stated that through this growth, Serbia will have a significant basis for sustainable increases in salaries and pensions, as well as keeping the public debt rate below 60% of gross domestic product (GDP).

- Only seven countries in Europe have a lower public debt than Serbia. These are the Baltic and Scandinavian countries, Bulgaria and Romania - he added.

Vucic pointed out that he is satisfied with the economic aspect of Serbia and emphasized that on December 1, we will have 10 construction sites for highways and expressways.

Ministarstvo finansija Republike Srbije

Republički zavod za statistiku Beograd

RZS

Aleksandar Vucic

growth rate of gross domestic product

GDP

gross domestic product

public debt

public debt rate