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Serbia’s public debt trends: Analysis of recent figures

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Serbia’s public debt reached approximately 36.30 billion euros by the end of April this year, accounting for 47.6% of the gross domestic product (GDP), according to the latest report from the Ministry of Finance.

Comparatively, at the end of March, the public debt stood at 36.34 billion euros, representing 47.7% of the GDP. As of the end of 2023, Serbia’s public debt amounted to 36.15 billion euros, equivalent to 52% of the GDP. Despite a 152 million euro increase in public debt since the beginning of the year, the ratio of debt to GDP has decreased by 4.4%, indicating a faster GDP growth rate compared to borrowing.

Ministry of Finance data reveals that as of the end of April, the total direct obligations of the state amounted to 34.499 million euros, with an additional 1.805 million euros in indirect obligations (external and internal debt).

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