PUBLIC DEBT SUSTAINABILITY CHALLENGES IN THE REPUBLIC OF SERBIA DURING THE COVID-19 PANDEMIC
PUBLIC DEBT SUSTAINABILITY CHALLENGES IN THE REPUBLIC OF SERBIA DURING THE COVID-19 PANDEMIC

Summary/Abstract: The scientific and professional public has been debating the impact of public debt on economic development for a long time. Although the 2007 crisis further highlighted the importance of the debt problem of the economies around the world, this problem became more relevant with the emergence of the COVID-19 pandemic and has become particularly prominent due to the uncertainty of its duration. For this very reason this paper aims to contribute to a clearer understanding of the consequences stemming from the crisis caused by the COVID-19 pandemic regarding the public debt of the Republic of Serbia. To indicate the extent of the indebtedness problem that is affecting the Serbian economy, especially compared to the countries of the Western Balkans. The primary methods used in the paper –analysis and synthesis, comparative method, and method of generalisation – were adapted to the stated goal and the the research subject. The obtained results suggest guidelines for the authorities’ priority activities with the aim of reducing public expenditure so that sustainable dynamics of the public debt can be achieved and conditions for improving the dynamics of economic growth can be met.

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