Latest public debt figure shows it's down to 72% of GDP

Serbia's public debt stood at EUR 24.44 billion at the end of March, the Ministry of Finance said on Wednesday.

Source: Beta

The state's total direct liabilities in March stood at 22.15 billion, and indirect at 2.29 billion.

The public debt figure amounted to 72 percent of GDP in March. In February, public debt was EUR 24.86 billion (73.6 percent of GDP).

At the end of last year these figures were 24.8 billion (76 percent of GDP), while in 2000 they stood at 14.17 billion (201.2 percent of GDP), the Beta agency reported.

The country's public debt was the lowest in recent years in 2008, when it equaled 28.3 percent of GDP.

The Law on the Budget System limits the share of the debt in the GDP to 45 percent, the agency noted in its report.

Business & Economy

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