Former PM Cvetković denies cover-up of debt

Former Prime Minister and Minister of Finance Mirko Cvetković Monday denied that his ministry had falsified public debt at end of 2011.

Izvor: Tanjug

Tuesday, 18.09.2012.

10:20

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BELGRADE Former Prime Minister and Minister of Finance Mirko Cvetkovic Monday denied that his ministry had falsified public debt at end of 2011. "It is not true that the Ministry of Finance was hiding anything, nor that I instructed anyone in this regard," he said. Former PM Cvetkovic denies cover-up of debt There are at least two definitions of public debt and the Ministry of Finance used the definition in the law on the public debt, Cvetkovic added. Referring to the data of the Ministry of Finance, he told Tanjug that the public debt at the beginning of this year was 45.1 percent of the GDP, while, as calculated by the NBS at that time, it was slightly higher - 45.8 percent. According to Cvetkovic, all these data are available and can be verified. Cvetkovic reaction came after Minister of Finance and Economy Mladjan Dinkic stated that the previous Ministry of Finance and Cvetkovic had falsified the data on the level of public debt in 2011, citing that it amounted to 45.1 percent of the GDP, instead of 49.6 percent. Mirko Cvetkovic (Tanjug, file) Tanjug

Former PM Cvetković denies cover-up of debt

There are at least two definitions of public debt and the Ministry of Finance used the definition in the law on the public debt, Cvetković added.

Referring to the data of the Ministry of Finance, he told Tanjug that the public debt at the beginning of this year was 45.1 percent of the GDP, while, as calculated by the NBS at that time, it was slightly higher - 45.8 percent.

According to Cvetković, all these data are available and can be verified.

Cvetković reaction came after Minister of Finance and Economy Mlađan Dinkić stated that the previous Ministry of Finance and Cvetković had falsified the data on the level of public debt in 2011, citing that it amounted to 45.1 percent of the GDP, instead of 49.6 percent.

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