BiH is the least indebted Country of the former SFRY

October 11, 2017 3:30 PM

The Council of Ministers of Bosnia and Herzegovina (BiH) adopted the Information on the Fiscal Sustainability of BiH, which states that BiH is at less indebted than other transition countries of Central and Eastern Europe and is the least indebted country of the former Yugoslavia.

The indebtedness of the general government sector in 2016 amounted to 42.5% of GDP and includes the assessment of legal obligations such as old foreign currency savings and war obligations, while real indebtedness based on verified obligations amounted to 39.8% of GDP.

The indebtedness has been significantly reduced in the last two years compared to 2014, when it reached a record 45% of GDP.

However, the indebtedness of the Republika Srpska, one of the two entities in BiH, in 2016 was 57.5% of its GDP, while the debt of the Federation of BiH in the last year amounted to 35.4% of its GDP, it is stated, among other things, in the Information of the Directorate for Economic planning, the Council of Ministers of BiH announced.

(Source: Biznisinfo.ba)

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