Serbian Prime Minister Aleksandar Vucic said Monday that the uncontrolled growth of public debt had been stopped and he expected public debt to start falling from 2017.
“When it comes to public debt, the situation is better than I expected,” Vucic told reporters after the completion of works on the Savinac tunnel on Corridor 11 near Takovo, central Serbia.
He said that the debt-to-GDP ratio had been expected to reach 80 percent, but the growth had been stopped.
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Vucic said that January had seen a budget surplus, and if economic growth be as expected, the debt-to-GDP ratio would begin to fall starting from 2017.
Source; SerbGov
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