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[BUSINESS] · Serbia · 2 sources

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Serbia public debt reaches 41.93 billion euros

Serbia's public debt reached 41.93 billion euros at the end of August, representing 43.3 percent of the country's Gross Domestic Product (GDP), according to the Ministry of Finance. While the nominal debt has increased compared to 39.34 billion euros at the end of 2025, its share of the GDP has decreased from 43.7 percent.

Approximately 80 percent of the debt is held in foreign currency. Direct state obligations totaled 40.24 billion euros, consisting of 10.99 billion euros in domestic debt and 29.25 billion euros in external debt. Indirect obligations, including state guarantees, amounted to 1.68 billion euros.

In the first eight months of the year, the budget deficit reached 98.4 billion dinars. This figure is noted as being within the planned parameters, as the original budget plan anticipated a deficit of 176.4 billion dinars. During August, tax revenues, led by VAT and excise duties, contributed significantly to the state's income.

Entities

Ministry of Finance of Serbia · Public Debt Administration · Serbia