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Serbia sees increase of public debt in Q1

Xinhua, April 27, 2015 Adjust font size:

Public debt of Serbia increased in the first three months of 2015 to 24.2 billion euros (26.2 billion U.S. dollars), which is 73.3 percent of the gross domestic product (GDP), Ministry of Finance stated in a press release on Monday.

According to the data published at the website of the Serbian Ministry of Finance, the public debt increased by 1.4 percent from December 2014, when it stood at 70.9 percent of GDP or 22.8 billion euros.

Biggest creditors of Serbia include the European Investment Bank and the European Bank for Reconstruction and Development, while the share of foreign creditors in the public debt was 51.8 percent, according to data published in the end of 2014. Endit