Public Debt Update in Serbia
The Serbian Ministry of Finance has announced that the public debt of Serbia reached 50% of the country’s GDP by the end of June. This marks an increase from the end of May, when the public debt stood at 36.35 billion euros, equivalent to 47.6% of GDP. This indicates that the country has accumulated an additional 1.83 billion euros in debt over the course of just one month, translating to approximately 2.4% based on the current estimates of the gross domestic product.
At the conclusion of 2023, the public debt was recorded at 36.15 billion euros, which represented 52% of the GDP at that time. According to data from the Public Debt Administration, there has been a general trend of decreasing public debt as a percentage of GDP since 2020, when it peaked at 57%. The highest recorded level prior to this was in 2015, when public debt reached 70% of GDP.
