PM expects public debt to be reduced to 62 percent of GDP

Prime Minister Ana Brnabic said on Wednesday in Nis, southern Serbia, that the country has good economic indicators. This is true despite the problems in agriculture and hydroelectric power plants due to drought, she said, according to the Serbian government, and announced that the public debt will be reduced to 62 percent of GDP by the end of the year. “We have said that economic growth will probably be less than 3 percent, which was the projection, but unfortunately, due to weather conditions and an extremely difficult winters, due to which power generation suffered, primarily in the thermal sector, but also due to the drought that struck agriculture and power generation in the hydro-sector”, she added. Brnabic pointed out that growth was also recorded in the industry, 6 to 8 percent, and added that we also had a reduction in public debt, much more than planned, so today it stands at 64.5 percent, with the expectation that it is possible to drop to 62 percent of GDP by the end of the year.