Djilas: “Serbia’s debt is 27 billion euro and the state wants to add another 23.5 billion to that”

The president of the Freedom and Justice Party (SSP), Dragan Djilas, has revealed that Serbia’s official debt at the moment stands at 27 billion euro, and that the government plans to carry out capital projects worth 23.5 billion euro over the next five years.

Reacting to the statement made by Goran Radosavljevic, professor at the Faculty of Economics, Finance and Administration (FEFA) in Belgrade, who told Beta news agency that the public debt in mid-October was around 27 billion euro, he asked “how can we be sure that Serbia will not borrow at least another 23.5 billion euro, that is, that the public debt will not exceed 50 billion euro?”.

Djilas recalled that a few days ago he had warned that, when all the loans foreseen by the agreements that Serbia has already signed will be added to the amount of the current public debt, as well as based on the projections publicly presented by the highest state officials, the country’s debt would reach 50.4 billion euro.

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“Then, just like Radosavljevic, I said that the debt does not include the value of the projects and contracts signed, but the amounts that will be withdrawn. All projects worth 23.4 billion must be completed over the next five years. As a result, all those funds will be withdrawn during that time, ”Djilas said.

He added that, in 2019, the state was indebted for 635 billion dinars and that 612.1 billion was spent on payment of the debt.

In 2020, a year weighed down by the coronavirus pandemic, as Djilas says, the government took out 886 billion dinars worth of loans, while 505 billion dinars were set aside for settling existing debts.

(Beta,, 20.10.2020)

This post is also available in: Italiano

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