external debt

Serbia’s External Debt Exceeds €52 Billion as Long-Term Structure Limits Refinancing Pressure

Serbia’s external debt reached approximately €52.03 billion at the end of March 2026, continuing a multi-year increase in foreign liabilities while the composition of the debt limits immediate refinancing pressure. The total was up from around €51.18 billion at the end of 2025, representing an increase of approximately €860 million in three months. The maturity profile remains a key factor in assessing the country’s external financing exposure. Of the total stock, around €50.57 billion was made up of medium- and…