Serbia reduces public debt by USD 1 billion in a day

The Republic of Serbia has paid out USD 1.03 billion of old debts in a single day, which amounts to close to EUR 900 million and hasn't been done using credits or refinancing, but using the savings made, Finance Minister Sinisa Mali told Tanjug.

He said that, in the first nine months, the GDP growth amounted to 4.5%, which, he says, is the biggest growth in the past ten years, while the unemployment rate is at an all-time low of 11.3% according to him.

The minister also points out that there have been 370,000 new employments in the past four years.

Mali pointed out that the budget surplus in the first nine months amounted to RSD 70 billion, that is, around EUR 600 million..

He said that the 2019 budget was meant to maintain the level of growth and have the investments in infrastructure increase, as well as to enable enterprises to develop further through various tax benefits.

Sinisa Mali

public debt

public finance

Serbian budget surplus

foreign investments in Serbia

tax benefits

tax exemptions

salary and pension raises

growth of standard

building infrastructure

economic growth

creation of new jobs

2019 budget

growth of employment

state borrowing

economic policy of Serbia

GDP growth