Serbia finance committee 30, has warned that, due to the increasing debt by the end of the year, may be up to gross domestic product (GDP) of 55%, Serbia within this year may erupt public debt crisis.
 
By Serbian well-known economist and professor of university of finance committee said that the government's budget deficit is growing, and may be in 2012 by the end of more than 6% of GDP.
 
It is reported, Serbia need to leverage the euro by the end of 2.5 billion, in order to deal with the deficit and debt servicing. To avoid an explosive public debt crisis, are to be set up the new government must take drastic measures, in the next two years to cut the budget deficit, freeze on wages and pensions, and increase tax revenues.




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