Serbian Foreign Debt and the Amount of its Foreign Indebtedness Cover Image
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Спољни дуг и степен спољне задужености Србије
Serbian Foreign Debt and the Amount of its Foreign Indebtedness

Author(s): Mlađen Kovačević
Subject(s): Economy
Published by: Nova srpska politička misao
Keywords: foreign debt; amount of foreign indebtedness; Serbia

Summary/Abstract: In the year 2000Serbia was a heavily indebted country. During the first few years of the 21st century several foreign debt projections until 2010 were made; if they proved to be true, the level of foreign debt would remain sustainable. However, contrary to these projections, both absolute and relative indicators of Serbia’s indebtedness dramatically deteriorated, particularly in 2008 and 2009. Even so, the National Bank of Serbia and Serbian officials still maintain that Serbia is a moderately indebted country. Bearing in mind the foreign debt and export value of goods and services ratio, and particularly the debt payment and export/BNP ratio, we must emphasize that Serbia is a heavily indebted country, likely to become even more indebted in 2010 and 2011, and it is quite realistic to say that a heavy debt crisis is looming. These are the reasons why Serbia should adopt and consistently implement a long-term foreign debt management strategy.

  • Issue Year: 17/2009
  • Issue No: 03+04
  • Page Range: 97-111
  • Page Count: 15
  • Language: Serbian