The growth of the public debt of Serbia in September this year to 14,75 billion euros, or 44,4% of GDP is not alarming for now, but it could be if the budget deficit should not be reduced in 2012, estimated the President of Fiscal Council, Pavle Petrovic. "The growth of the public debt for about billion euros was expected due to the indebtedness of the state by selling Eurobonds worth billion dollars, and additional borrowings at the domestic financial market", said Petrovic.



He emphasized that the public debt in September "jumped out" because the reserves from which the budget deficit will be financed and the payment of earlier loans, are being formed. "It is important that the new borrowings of the state did not go to consumption, but in the deposits from which until the middle of 2012 the budget deficit will be financed.