Mali: Public Debt of Serbia to Be at 53-54% of GDP by End-Year

The public debt of Serbia will not grow and, by the end of this year, it will amount to 53% to 54% of the gross domestic product (GDP), which is below the EU Maastricht criterion of 60%, stated the minister of finance of Serbia, Sinisa Mali.

– The share of the public debt in the GDP was 50.8% this February. Serbia is far below the EU average, which is around 95% – Mali said at the Kopaonik Business Forum.

He pointed out that the public debt relative to the GDP was still below 60%, as promised, despite the support exceeding EUR 9 billion provided by the state on three occasions to the citizens and the economy during the Covid crisis.

He added that a deficit of 3.3% was planned for 2023, whereby 1.9% would be the “core deficit”, as agreed with the IMF, and 1.4% would be the reserve in case the crisis continued, so that the state could react in case of need.

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Elektroprivreda Srbije ad Beograd

Siniša Mali

Kopaonik Business Forum

public debt of Serbia

share of public debt in GDP