By Milen Vesovic
Belgrade, Dec.5th, 2009 (Serbia Today) - National Bank of Serbia (NBS) published a detailed analysis of the total debt of the Republic of Serbia on fiscal year ending on September 30th, 2009. According to the report, the external debt was EUR 21.8 billion. According to the indicators of external liquidity and solvency, Serbia can now be classified in the category of medium-indebted countries.
The external debt of Serbia was almost unchanged compared to the end 2008. According to the indicators of external liquidity and solvency, Serbia was able to settle foreign liabilities maturing in the short term.
External debt of the private sector at the end of September 2009 amounted to EUR 14.9 billion, 27.3% of which is debt of the banking sector. Public debt of the Republic of Serbia was approximately EUR 9.9 billion.
During the first three quarters 2009, the total use of foreign loans amounted to approximately EUR 3 billion, while in this period EUR 2.3 billion of principal and EUR 0.5 billion of interest was paid. Public debt of the Republic of Serbia ending in September 2009 was approximately EUR 9.9 billion.
External debt of the public sector at the end of the fiscal year (September 2009 ) was approximately EUR 6.8 billion, and the participation of public sector debt in the total increased from 29%, as it amounted to the end of last year, to 31% percent at the end of this fiscal year.
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