Public debt totals EUR 20.89 billion
Serbia's public debt amounted to RSD 2,438.9 billion, or nearly EUR 20.89 billion, on August 6, 2014, the Public Debt Administration announced on Thursday.
Thursday, 07.08.2014.
16:53
Public debt totals EUR 20.89 billion
On June 30, 2014, the public debt amounted to RSD 2,392.1 billion, or EUR 20.66 billion, reaching 63 percent of GDP.Under the law on the budget system, the share of public debt in GDP is limited to 45 percent.
According to criteria set by the EU Maastricht Treaty, countries exceeding the 45-percent limit are considered to be moderately indebted countries, with a 60-percent debt-to-GDP ratio as a condition for EU membership.
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