President Aleksandar Vucic stated that Serbia borrowed on the international securities market “on more favorable terms than with the International Monetary Fund, and that with the sale of bonds, the amount of public debt in relation to the gross domestic product will amount to 57.2 percent.”
He told TV Prva that Serbia would be “significantly better than the eurozone average” in terms of the amount of debt, and that the domestic economy would end the year “in the black”.
“The level of public debt will never exceed 60 percent. Don’t forget that Italy and France have a public debt of over 100 percent. Both Slovenia and Croatia have a higher public debt rate than Serbia,” Vucic said.
He added that this was achieved through the reform of labor legislation and fiscal consolidation measures taken in previous years, and that, among the countries in the Western Balkans, Serbia will be “convincingly first” in terms of the average salary by the end of the year, N1 reports.
