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The Governor of the National Bank of Serbia, Jorgovanka Tabaković, declared that the public debt of Serbia amounts to between 56.7 and 57.8 percent of the Gross Domestic Product, and calculated that the debt is “secure below 60 percent. hundred”.
He told Serbian radio and television that one of Azerbaijan’s expensive debts with an interest rate of four percent had been canceled and that the current debt was below the so-called “Maastricht criterion” of 60 percent.
Tabakovic added that throughout the previous year, the exchange rate of the dinar against the euro remained in the range of 117.5 to 117.6, in which the National Bank invested 1,450 million euros.
He pointed out that Serbia has 35.65 tons of gold in foreign exchange reserves, which guarantees security to the state, but also to anyone who wants to work with the state, and that in the most difficult year foreign direct investments amounted to 2,900 million euros.
“We turned a deaf ear to that story: ‘Drop the fiscal deficit, don’t look at the amount of debt, it just helps the economy.’ We have succeeded in saving jobs, mainly for people whose lives are more valuable than anything else, but whose lives require stability and security, which we have shown that we can maintain even in the most difficult times, ”said Tabakovic.
He also emphasized that the results of the National Bank were achieved with the help of the President and the Government of Serbia.
