The Profile of Public Debt in Serbia


 
all values in billions of RSD
 
data as of 31st of December
Feb. 2013
Public Debt Structure 2007 2008 2009 2010 2011 2012 2013
Total Public Debt 703 778 944 1,283 1,514 2,010 2,124
  Direct Liabilities, of which: 636 696 811 1,102 1,293 1,714 1,814
    Internal Public Debt 271 280 388 482 536 734 725
    External Public Debt 366 416 423 620 757 980 1,089
  Indirect Liabilities, of which: 67 82 134 181 221 296 310
    Internal Public Debt 0 0 13 36 56 82 86
    External Public Debt 67 82 121 145 165 214 224
Internal Public Debt by Direct & Indirect, and by Type of Debt Instrument
Total Internal Public Debt 271 280 401 518 592 592 811
  Direct Liabilities, of which: 271 280 388 482 536 536 725
    Frozen Currency Savings Bond 238 253 252 252 228 228 212
    Treasury Bills and Bonds 4 1 101 178 269 269 474
    Other Internal Direct Liabilities 28 26 36 52 39 39 38
  Indirect Liabilities 0 0 13 36 56 56 86
External Public Debt by Direct & Indirect, and by Creditor
Total External Public Debt 433 498 543 36 922 922 1,313
  Direct Liabilities, of which: 366 416 423 620 757 757 1,089
    Paris Club 133 148 154 171 165 165 164
    IBRD 127 141 119 143 150 150 162
    London Club 6 8 15 39 75 75 73
    IDA 34 41 45 53 55 55 58
    EIB 6 8 15 39 42 42 63
    EUROBOND 0 0 0 0 82 82 361
    IMF Funds Allocation 0 0 0 47 48 48 50
    Other External Direct Liabilities 60 69 75 128 140 140 159
  Indirect Liabilities, of which: 67 82 121 145 165 165 224
    EBRD
-
-
-
-
39
39
40
    EIB
-
-
-
-
68
68
97
    EU 225
-
-
-
-
23
23
20
    Other External Indirect Liabilities
-
-
-
-
34
34
68
Currency Debt Structure
Total Public Debt 703 778 944 1,283 1,513 1,513 2,124
    RSD 26 20 121 187 217 217 385
    EUR 532 587 626 770 873 873 1,018
    USD 97 113 125 189 285 285 578
    SDR 34 41 45 101 105 105 109
    CHF 0 0 18 22 21 21 21
    OTHER* 15 18 10 13 13 13 12
Interest Rate Type Debt Structure
Total Public Debt 703 778 944 1,283 1,513 1,513 2,124
  Fixed Interest Rate 541 591 720 848 1,036 1,036 1,547
  Variable Interest Rate, of which: 162 187 225 435 477 477 576
    EURIBOR & LIBOR on EUR 126 148 175 360 343 343 432
    LIBOR on USD 21 23 31 53 63 63 66
    LIBOR on CHF 6 8 8 11 10 10 11
    Other 8 8 10 12 61 61 68
Fiscal Rule Ratios
GDP - Public Finance Bilten by MoF, 8 / 11
2,277
2,661
2,713
2,987
3,175
3,175
3,679
Public Debt/GDP - Fiscal Rule Limit
-
-
-
45.0% 45.0% 45.0% 45.0%
Public Debt/GDP - MoF estimate 30.9% 29.2% 34.8% 42.9% 47.7% 47.7% 57.7%
Public Debt/GDP - Fiscal Rule difference
-
-
-
2.1% -2.7% -2.7% -12.7%

Note:

The source of data is Public Finance Biltens published by the Ministry of Finance of the Republic of Serbia from 2006 through 2011, while some data was borrowed from Prospectus for Serbia's Eurobond dated on September 26, 2011

 

 


















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