The governor of the National Bank of Serbia, Jorgovanka Tabakovic, stated today that the public debt of Serbia amounts to between 56.7 and 57.8 percent of the Gross Domestic Product, and assessed that the debt is “safe below 60 percent”.
She told Serbian Radio and Television that one of the expensive Azerbaijani debts with an interest rate of four percent had been repaid, and that the current debt was below the so-called “Maastricht criterion” of 60 percent.
Tabakovic added that throughout the previous year, the dinar exchange rate against the euro was maintained in the range of 117.5 to 117.6, in which the National Bank invested one billion and 450 million euros.
She pointed out that Serbia has 35.65 tons of gold in foreign exchange reserves, which guarantees security to the state, but also to everyone who wants to work with the state, and that in the most difficult year, foreign direct investments amounted to 2.9 billion euros.
“We turned a deaf ear to that story: ‘Let go of the fiscal deficit, don’t look at the amount of debt, just help the economy’ security, which we have shown that we can maintain even in the most difficult times,” Tabakovic pointed out.
She also emphasized that the results of the National Bank were achieved with the help of the President and the Government of Serbia, eKapija reports.
