Serbia's public debt now at 50.9 percent of GDP

To: Adrian from Romania

Adrian give us some input regarding this matter, you are the numbers man !!!

Over all it keeps climbing in Serbia one step back two steps forward. In Croatia it keeps dropping debt by 2% a year. As most major projects have been finished highways, rail roads, ports etc a decade ago and debts are being paid off. Also tourism https://www.youtube.com/watch?v=0XbIR7e9PYM is booming to Croatia adds billions more of hard currency and big production boost to Croatian industry's.

a very good performance

Dragoljub look after first 3 months of 2019 Romania had most big grow in retail sales from EU link eurostat statistics , i am curious about gdp grow , here we forecast for quater 1 a +6% https://ec.europa.eu/eurostat/documents/2995521/9765839/4-06052019-AP-EN.pdf/34cafafd-8c96-4d10-9257-1827243c5390

Sorry am I bad https://www.youtube.com/watch?v=ZCqLXwWjq9U . I meant one step forward and two steps back for Serbia.

To : adrian_bucharest_romania

Adrian I have to say one disturbing thing regarding all of the Balkan region is the loss of people with higher education because they are going to other countries where they have a chance to earn more money. Regarding that I must say that also some of these people end up in again a negative situation because the cost of living is also much higher in these other countries. After they pay income taxes, rent, food, lodging and medical they end up with not much. The Balkans are a good place to live but only if the whole region some how get a little better wage. I have been to Romania a few times and I like that the government keep the prices on the basics in proportion to the incomes but then every thing else is out of reach for the average worker. Well nice to hear from you Balkan Brother !!!

@dragoljub

It means that all total government debt of Serbia is 50% or half of all money in circulation in Serbia. Its a fairly impressive result considering it was hovering around 80% just over a few years ago.

Also note its not the government that keeps prices down for basic items and up for bigger items, if the government was doing anything its making things more expensive. The reason why food is so inexpensive, is because alot of people still live and produce food from small (and inefficient) farms around the entire country, and sell their excess for whatever thhey can get.... on a positive note the more a country produces the more that affordable locally produced items are, so the more factories the better, more export increase our ability to trade and allows us to consume more foreign products.

The formula Serbia is using is the same as China, Slovakia (export oriented economies) are using... and its fairly good... if Serbia would reduce the amount of government involvement(becuase it breeds corruption), the economy would move alot quicker, unfortunatly people still believe its the government that makes the economy grow, but we are slowly figuring it out.

RE: GDP percent of Debt

Here are some numbers;

Greece 181.27
Bulgaria: 19.80
Bosnia 24.80
Romania 35.10
Serbia 50.9
Montenegro 62.27
Albania 63.63
Slovenia 70.10
EU 80.00

Why is Romania and Bulgaria so low when GDP is growing? Spending and investment seems to be low in these countries. Greece's only way out is to declare bankruptcy, but the EU continue to fund them. Serbia has done a complete turnaround from deficit levels of 80% down to 50% with strong investment. Croatia, Slovenia are below the EU average and favorable.

Dragoljub what do you think about the fact that Republic of Moldova got gdp per capita over 3000 dollars ?

Over all it keeps climbing in Serbia one step back two steps forward. In Croatia it keeps dropping debt by 2% a year. As most major projects have been finished highways, rail roads, ports etc a decade ago and debts are being paid off. Also tourism https://www.youtube.com/watch?v=0XbIR7e9PYM is booming to Croatia adds billions more of hard currency and big production boost to Croatian industry's.

a very good performance

Sorry am I bad https://www.youtube.com/watch?v=ZCqLXwWjq9U . I meant one step forward and two steps back for Serbia.

To: Adrian from Romania

Adrian give us some input regarding this matter, you are the numbers man !!!

Dragoljub look after first 3 months of 2019 Romania had most big grow in retail sales from EU link eurostat statistics , i am curious about gdp grow , here we forecast for quater 1 a +6% https://ec.europa.eu/eurostat/documents/2995521/9765839/4-06052019-AP-EN.pdf/34cafafd-8c96-4d10-9257-1827243c5390

To : adrian_bucharest_romania

Adrian I have to say one disturbing thing regarding all of the Balkan region is the loss of people with higher education because they are going to other countries where they have a chance to earn more money. Regarding that I must say that also some of these people end up in again a negative situation because the cost of living is also much higher in these other countries. After they pay income taxes, rent, food, lodging and medical they end up with not much. The Balkans are a good place to live but only if the whole region some how get a little better wage. I have been to Romania a few times and I like that the government keep the prices on the basics in proportion to the incomes but then every thing else is out of reach for the average worker. Well nice to hear from you Balkan Brother !!!

Dragoljub what do you think about the fact that Republic of Moldova got gdp per capita over 3000 dollars ?

@dragoljub

It means that all total government debt of Serbia is 50% or half of all money in circulation in Serbia. Its a fairly impressive result considering it was hovering around 80% just over a few years ago.

Also note its not the government that keeps prices down for basic items and up for bigger items, if the government was doing anything its making things more expensive. The reason why food is so inexpensive, is because alot of people still live and produce food from small (and inefficient) farms around the entire country, and sell their excess for whatever thhey can get.... on a positive note the more a country produces the more that affordable locally produced items are, so the more factories the better, more export increase our ability to trade and allows us to consume more foreign products.

The formula Serbia is using is the same as China, Slovakia (export oriented economies) are using... and its fairly good... if Serbia would reduce the amount of government involvement(becuase it breeds corruption), the economy would move alot quicker, unfortunatly people still believe its the government that makes the economy grow, but we are slowly figuring it out.

RE: GDP percent of Debt

Here are some numbers;

Greece 181.27
Bulgaria: 19.80
Bosnia 24.80
Romania 35.10
Serbia 50.9
Montenegro 62.27
Albania 63.63
Slovenia 70.10
EU 80.00

Why is Romania and Bulgaria so low when GDP is growing? Spending and investment seems to be low in these countries. Greece's only way out is to declare bankruptcy, but the EU continue to fund them. Serbia has done a complete turnaround from deficit levels of 80% down to 50% with strong investment. Croatia, Slovenia are below the EU average and favorable.