ADVERTISEMENT

Serbia wants to reduce public debt

MNB

Photo by Roman Motizov/Shutterstock.com

Serbia’s debt-to-GDP ratio has dropped by almost 20% in four years, but the Public Debt Administration wants it reduced further to around 47% by the end of 2022, said Ana Tripović, acting head of the Public Debt Administration, quoted by state news agency Tanjug.

Photo by Roman Motizov/Shutterstock.com

“We have managed to reduce the public debt, which amounts to around EUR 23.8 billion, to the level of 51.9% of GDP and the goal of the Public Debt Administration is for it to be reduced to 47.2% by the end of 2022,” Tripović told Magazin Biznis in an interview.

Recalling that public debt had been at 70% of GDP at the end of 2015, she said it had been lowered significantly in 2016 and 2017 through fiscal and structural measures, declining at a quicker-than-projected pace in 2018 to 53.6% at the end of last December, Tanjug said.

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond... Ratings

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond...

EU's New Biometric Entry System Postponed Until November EU

EU's New Biometric Entry System Postponed Until November

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2 HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.