Serbia’s external debt at the end of June stood at around EUR 24.09 billion, reflecting a EUR 102.9 million drop in comparison to the previous month.
Out of the total debt, EUR 23.83 billion account for the due principle, while EUR 254.8 million account for the regular interest rate, according to the Conjuncture Trends journal.
The magazine is published by the Serbian Chamber of Commerce (PKS).
The external debt of the public sector totals EUR 11.03 billion, while the debt of the private sector totals EUR 13.05 billion, the magazine further revealed.
BoP deficit increases by 36.9 percent
In the first half of 2012, Serbia’s balance of payments (BoP) deficit amounted to around USD 2.48 billion, reflecting a year-on-year increase of 36.9 percent, the data presented by the Conjuncture Trends showed.
The increase in the BoP deficit was mainly triggered by a rise in the negative balance of commodity trade – 6.2 percent, and a drop of USD 345 million in the remittances from workers abroad.
In the period from January to June, the total net outflows of foreign direct investments (FDI) totaled USD 179.2 million.
The FDI net outflows are a consequence of the purchase of Telekom’s shares from the foreign investor and the withdrawal of capital of another mobile service provider.
In the first half of 2012, Serbia’s balance of trade in services was positive, with a USD 40.7 million surplus, as the export amounted to around USD 1.84 billion, and import around USD 1.8 billion.
Compared to the same period in 2011, the export of services dropped by 3.4 percent, and the import by 3 percent.
The import-export ratio totaled 102.3 percent.
Source B92
