Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends

The subject of research in the paper is focused on the analysis of public debt in the Republic of Serbia in the time interval from 2000 to the end of 2022. Observing the data on the movement of public debt in the new millennium, it is noticeable that there is a trend of its increase after the world...

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Main Authors: Novović Milan, Lukić Aleksandar, Marjanović Nataša
Format: Article
Language:English
Published: Viša ekonomska škola Peć, Leposavić 2023-01-01
Series:Ekonomski Signali
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2023/1452-44572302013N.pdf
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author Novović Milan
Lukić Aleksandar
Marjanović Nataša
author_facet Novović Milan
Lukić Aleksandar
Marjanović Nataša
author_sort Novović Milan
collection DOAJ
description The subject of research in the paper is focused on the analysis of public debt in the Republic of Serbia in the time interval from 2000 to the end of 2022. Observing the data on the movement of public debt in the new millennium, it is noticeable that there is a trend of its increase after the world economic crisis of 2008. The main cause of such trends is the excessive consumption of state authorities and the reduction of tax revenues, which is a consequence, first of all, of reduced economic activity due to global negative tendencies in certain years. The high level of public debt represents the main barrier for the economic development of the Republic of Serbia. Analysis of the data in the observed period indicates that the problem of public debt growth can be solved by increasing the gross domestic product and reducing public spending.
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spelling doaj.art-268a309746134bcea3eba1b4aad26af02024-04-04T08:28:32ZengViša ekonomska škola Peć, LeposavićEkonomski Signali1452-44572560-33022023-01-01182133210.5937/ekonsig2302013N1452-44572302013NPublic debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trendsNovović Milan0https://orcid.org/0000-0002-6944-7973Lukić Aleksandar1https://orcid.org/0000-0002-4922-2937Marjanović Nataša2https://orcid.org/0000-0003-3791-5135Business School of Vocational Studies "Čačak", Belgrade, SerbiaProject Management College, Belgrade, SerbiaBusiness School of Vocational Studies "Čačak", Belgrade, SerbiaThe subject of research in the paper is focused on the analysis of public debt in the Republic of Serbia in the time interval from 2000 to the end of 2022. Observing the data on the movement of public debt in the new millennium, it is noticeable that there is a trend of its increase after the world economic crisis of 2008. The main cause of such trends is the excessive consumption of state authorities and the reduction of tax revenues, which is a consequence, first of all, of reduced economic activity due to global negative tendencies in certain years. The high level of public debt represents the main barrier for the economic development of the Republic of Serbia. Analysis of the data in the observed period indicates that the problem of public debt growth can be solved by increasing the gross domestic product and reducing public spending.https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2023/1452-44572302013N.pdfoil and oil derivativesimport dependencysupply management
spellingShingle Novović Milan
Lukić Aleksandar
Marjanović Nataša
Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
Ekonomski Signali
oil and oil derivatives
import dependency
supply management
title Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
title_full Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
title_fullStr Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
title_full_unstemmed Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
title_short Public debt of the Republic of Serbia in the new millennium: Analysis of the situation and future trends
title_sort public debt of the republic of serbia in the new millennium analysis of the situation and future trends
topic oil and oil derivatives
import dependency
supply management
url https://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2023/1452-44572302013N.pdf
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AT marjanovicnatasa publicdebtoftherepublicofserbiainthenewmillenniumanalysisofthesituationandfuturetrends