Serbia’s public debt EUR 24.80 billion at the end of 2015

SOURCETanjug

BELGRADE – Serbia’s public debt amounted to EUR 24.80 billion, making up 75.5 percent of gross domestic product (GDP), at the end of 2015, the Serbian Ministry of Finance has said on its official website.

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The debt increased about EUR 2.04 billion from the end of 2014, when it stood at EUR 22.76 billion, or 70.4 percent of GDP.

Serbia’s public debt-to-GDP ratio was the biggest at the end of 2000, at 201.2 percent, the debt amounting to EUR 14.16 billion, while it was the lowest at the end of December 2008, at 28.3 percent, when the debt was EUR 8.78 billion, according to the Finance Ministry.

The Budget System Law provides for a ceiling of 45 percent on the ratio.

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