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PUBLIC DEBT January 2017
Changes in public debtin January, in EUR mln
Public debt stockend of January, in EUR bn
Main sources of change in public debt**in January, in EUR mln
Total
non-guaranteed debt
Indirect liabilities
Direct liabilities -258.2
-59.6
-2.2
**Parliamentary Budget O�ce calculation
*Note: Total non-guaranteed debt (EUR 371.8 mln) consists of non-guaranteed local government debt (EUR 365.4 mln) and non-guaranteed debt of the Development Fund of the Republic of Serbia and PE Roads Serbia (EUR 6.5 mln).Data sources: Public Debt Administration: Monthly Report PDA – January, 2017; Debt Statistic – January, 2017; Monthly Report PDA – December, 2016 - Preliminary data; Quarterly Report- September 2016;Macroeconomic and Fiscal Data, March 10, 2017, Ministry of FinanceNational Bank of Serbia website, daily exchange rates
Public debt of the Republic of Serbia
-317.8 EUR mln
Generalgovernment debt
-320.0 EUR mln
-99.6
-55
E�ect of exchange rate changes (compared to December, public debt denominated in euros decreased due to changes in exchange rate – primarily due to a 1.6% depreciation of the U.S. dollar against euro)
Payment of activated guarantees
Net repayment in the domestic �nancial market (in January, amount of matured government securities exceeded amount of issued government securities)
Parliamentary Budget O�ceInfographic JD 02/17e, March 2017
0
5
10
15
20
25
30
2013 2014 2015 2016Jan
2017
20.723.2
25.3 25.2 24.9
Gen
eral
gov
ernm
ent,
in E
UR
bn
24.5 EUR bn
69.1% of GDP
Public debt of the Republic of Serbia
24.9 EUR bn
70.1% of GDPGeneral
government debt
+ +2.1 0.422.4
Direct liabilities Indirect liabilities Total non-guaranteed debt*
about -150