national debt

Serbia’s national debt reaches €105.3 billion, pushing country toward bankruptcy

Economist Professor Dr. Slobodan Komazec stated that Serbia's national debt has reached €105.3 billion and warned that the country is approaching bankruptcy. He explained that uncontrolled borrowing has burdened the economy, hindering its development. According to Komazec, Serbia's public debt is over €40 billion, with €27.8 billion in external debt and €12.2 billion in internal debt. Additionally, companies owe €18.3 billion abroad, while domestic banks hold €11 billion in corporate debt. The population owes €14.3 billion to domestic banks. There…