PM expects public debt to drop to 62-63 percent of GDP

Ana Brnabic says Serbia's public debt amounted to 65.4 percent of GDP at the end of September, and is expected to drop to 62- 63 percent by the end of the year.

Source: B92

Speaking on Tuesday in Belgrade at a panel discussion organized by the Nordic Business Alliance, Brnabic said that Serbia will continue with fiscal discipline and at this moment the budget surplus is RSD 80 billion.

"Yesterday, we received new statistical data related to industrial production, which shows that in September saw a growth of 7.3 percent compared to the same month of the previous year, while in comparison with last year's average, production increased by 7.9 percent," she said, according to remarks published by the Serbian government.

The prime minister "added that the export growth was 13 percent, while the same figure stands for foreign trade, which she assessed as an indicator of creating a dynamic and healthier economy in Serbia."

"Today we are expecting the publication of the new World Bank's Doing Business List and I am an optimist, since Serbia has made steady progress on this list since 2014, but it is important to continue this trend," Brnabic said, and announced her official visit to Norway for November 23.

Business & Economy

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