Serbia's public debt rises in December

Debt

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Serbia's public debt stood at EUR 26.66 billion, or 56.8% of the country's gross domestic product (GDP), at the end of December 2020, the Finance Ministry announced on Friday.

According to a report by news agency Tanjug, December public debt-to-GDP ratio remained the same as in the previous month and was considerably below the projections by some independent state authorities that had said it would exceed 60% of GDP in a year marked by the coronavirus pandemic, the ministry said. At the end of December 2019, the public debt was EUR 23.94 bln, accounting for 52% of the country's GDP.

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