Radosavljevic: Serbia's public debt has risen by more than 100 percent in the previous 10 years

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    Radosavljevic: Serbia’s public debt has risen by more than 100 percent in the previous 10 years

    Vice President of the Social Democratic Party (SDS) and the candidate for prime minister of the coalition “Ajmo ljudi” (Let’s Go People), Goran Radosavljevic, said today that Serbia’s public debt had officially exceeded the limit of 30 billion euros for the first time in history.

    Radosavljevic said in a written statement that the general government’s public debt currently amounted to about 31 billion euros and it increased by more than 100% in the last 10 years.

    “When SNS took office in July 2012, public debt amounted to about 15.45 billion euros. At that moment, this was about 46 percent of gross domestic product (GDP). Ten years later, public debt is about 60% of GDP. Therefore, this government has indebted Serbia much more than the former government during the world’s biggest economic crisis and the fight for the literal survival of our economy in unprecedentedly difficult circumstances,” said Radosavljevic.

    He pointed out that in the decade of the current regime, every citizen of Serbia has become additionally indebted by 2,278 euros.

    “By comparison, in 2001, the democratic government encountered a public debt of about 14.2 billion euros. In the next 11 years, it additionally indebted every citizen of Serbia by about 178 euros, which is almost 13 times less,” Radosavljevic pointed out.

    Izvor: Beta

    Foto: YT Scrn

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