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Serbia's central govt debt-to-GDP ratio to fall in January - president Vucic

Serbia's central govt debt-to-GDP ratio to fall in January - president Vucic Aleksandar Vucic; Source: Serbia's President's Office

BELGRADE (Serbia), December 4 (SeeNews) - Serbia's central government debt is expected to decline to between 47% and 48.5% of the projected 2019 gross domestic product (GDP) in January, the country's president Aleksandar Vucic said.

The debt-to-GDP ratio currently stands at 59.1%, while the central government budget is in surplus of 67.4 billion dinars ($650.2 million/570.4 million euro), versus a projected deficit of 3.9 billion dinars, Vucic said in a statement on Monday.

The central government debt decreased to 23.946 billion euro ($27.2 billion) at the end of September from 23.977 billion euro a month earlier, according to finance ministry data.

Direct liabilities fell to 22.383 billion euro in September from 22.391 billion euro at the end of August.

(1 euro = 118.169 dinars)

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