January 8 (SeeNews) - Serbia's central government debt is currently equivalent to 57% of the projected 2018 gross domestic product (GDP), the country's president Aleksandar Vucic said.
For the first time, the debt-to-GDP ratio is below the 60% Maastricht requirement and Serbia is already not on the list of highly indebted countries, Vucic said in a video file posted on the website of Serbian news agency Tanjug on Saturday.
Austria's Erste Group said in December it expects Serbia to reduce its public debt to 60% of GDP in the medium term.
Serbia's central government debt decreased to 23.4 billion euro ($28.1 billion) at the end of November from 24.82 billion euro at the end of 2016, according to finance ministry data.
The debt was equivalent to 62.6% of the projected 2017 gross domestic product (GDP), down from 73.0% at the end of 2016.
($ = 0.833476 euro)