Photo: Pixabay/moerschySerbia owes 3,438 billion euros, based on loans to foreign governments, while the debt to the Chinese Export-Import Bank is 2,518 billion euros
According to the Ministry of Finance, Serbia's public debt is around 35 billion euros. The biggest creditors of Serbia's public debt are investors in Eurobonds issued by the state, and they are owed 8,935 billion euros, according to the latest report of the Public Debt Administration of Serbia.
The second on the list of the largest creditors are investors in long-term state bonds issued in dinars, with 6,804 billion euros of public debt.
Serbia owes EUR 3,438 billion in foreign government loans, and EUR 2,518 billion to the Export-Import Bank of China.
One of the biggest creditors is the International Monetary Fund (IMF), which is represented in Serbia's public debt portfolio with 2,514 billion euros, followed by the International Bank for Reconstruction and Development with 2,210 billion euros.
Investors in government long-term securities in euros are creditors of the Serbian public debt with 1,93 billion euros, and the European Investment Bank (EIB) with 1,851 billion euros.
In the structure of public debt, the euro is the most represented - 58,1 percent, the dinar 20,6 percent and the dollar 13,8 percent.
Who created the debt?
Dušan Nikezić, vice-president of the Freedom and Justice Party and candidate for parliament on the "Serbia Against Violence" list, said that Finance Minister Siniša Mali was "arguing with numbers, facts and sound logic", claiming that the inherited debt is 15,3 billion euros, which was repaid for 10 years, and now the state's debt is 35,6 billion euros.
"Do you think anyone who knows how to put two and two together can believe in that," Nikezic asked in a written statement.
Citing Sinisa Malog's claims that the state manages public debt much better than developed countries, he pointed out that the IMF does not help "any of those developed countries, but out of 51 European countries, it has a stand-by arrangement with only three: Armenia, Georgia and Serbia ".
"You brag about an imaginary five billion euros in your account, although every euro you have is exclusively from debt, since you have created a budget deficit of 10,5 billion euros in the last four years alone, which means you have neither earned nor saved anything." If it wasn't like that, you wouldn't have borrowed an additional 1,7 billion euros just a month ago, with an interest rate of up to nine percent," said Nikezić.
People may or may not understand the big numbers, but when they enter the store, everyone can see that they can buy less milk, meat, oil, and potatoes for their salary and pension, Nikezić points out, adding that the "key result" of the current government's economic policy is that in the last 10 years, 469.000 citizens of Serbia received a work permit in the EU, of which more than 70.000 in the last year alone.
People in Serbia want a normal life, with decent salaries and pensions, without violence, crime, corruption and wild inflation, so on December 17 they will vote for the list Serbia against violence, Nikezić said.
BG/FoNet
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