Public Debt in Serbia
Serbia - Public DebtLeading data for Q2 continues to show a solid economic performance. In April, real wage growth picked up, boding well for private consumption growth, while retail sales figures were robust in May. In addition, foreign demand remains healthy, and export growth accelerated for the second straight month in May, likely on the back of strong demand from the Eurozone. On the downside, industrial production growth softened in the same month. On 13 June, the Serbian government and the IMF came to an agreement on the conditions of a 30-month Policy Coordination Instrument, a non-financial assistance program. The program focuses on minimizing public debt through fiscal discipline, reforming tax and pension policies, and improving the business climate. The agreement is scheduled to be reviewed by the IMF Executive Board in July and follows the successful completion of a USD 1.3 billion three-year program with the IMF in February.
Serbia - Public Debt Data
|Public Debt (% of GDP)||59.6||70.4||74.7||71.9||61.5|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|Bond Yield||3.90||0.0 %||Jul 17|
|Exchange Rate||101.2||-0.31 %||Jul 17|
|Stock Market||1,536||-0.44 %||Jul 17|
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June 29, 2018
Industrial production expanded 0.5% over the same month last year in May.
June 11, 2018
At its monthly monetary policy meeting held on 11 June, the Executive Board of the National Bank of Serbia (NBS) decided to leave the key policy rate unchanged at 3.00%.
May 31, 2018
Industrial production expanded 3.1% in April from the same month last year, a moderation from March’s 4.1% increase but the twelfth consecutive month of expansion. According to the Statistical Institute, April’s slowdown reflected more moderate growth in most industrial sectors.
May 16, 2018
At its monthly monetary policy meeting held on 16 May, the Executive Board of the National Bank of Serbia (NBS) decided to keep its key policy rate unchanged at 3.00%.
May 15, 2018
Consumer prices increased 0.4% from the previous month in April, above March’s 0.1% print.