During a recent statement in Washington, Minister Siniša Mali pointed out the significant disparity between Serbia’s public debt relative to GDP and the global average. He referenced data from the International Monetary Fund, indicating that while global public debt has surged to 93 percent of GDP since 2019, Serbia’s stands at a much lower 47.6 percent. Mali emphasized that these figures demonstrate Serbia’s prudent economic management, even amidst substantial expenditures, particularly during crises like the COVID-19 pandemic and energy disruptions.
Mali underscored the government’s commitment to maintaining fiscal discipline despite considerable investments in key sectors such as infrastructure, healthcare, and education. He emphasized that Serbia’s ability to control public debt while pursuing crucial developmental projects highlights the country’s economic resilience and responsible governance.
Minister Mali conveyed these observations during his visit to Washington, coinciding with the spring session of the IMF and World Bank.
