At the end of last year, the total public debt of Bosnia and Herzegovina amounted to KM 13.74 billion and is higher by six percent than in 2023. years, writes in the Ministry of Finance and Treasury of BiH.
As stated, external and internal debt are also increasing.
“Internal debt amounted to a total of HK 4.50 billion and is 11.6 percent more than 2023. years. The Serb Republic owes 2.68 billion KM, KM Federation, and the Brcko District 8.91 million KM”, stands in the data.
Thus, external debt at the end of last year amounted to KM 9.23 billion and increased by about 3.5 percent compared to 2023. year.
The external debt of the RS was four billion KM, and the Federation of BiH five billion KM. The Brčko District owed 49.9 million KM, and the institutions of BiH 43.4 million KM.
The share of external debt in the gross domestic product (GDP) was 17.2 percent at the end of last year.
What are the debts of countries in the region?
From the Serbian Ministry of Finance, they said earlier that the participation of the public debt of Serbia in GDP was 47.4 percent late last year.
“The total public debt of Serbia at the end of 2024 was 38.87 billion (KM 76.02 billion), of which total direct liabilities were 37.04 billion, and the total indirect liabilities of 1.83 billion euros,” writes in this document.
From the Government of Montenegro, it was announced earlier that the total public debt at the end of last year was 4.12 billion euros (8.06 billion KM), ie 60.24 percent of the gross domestic product.
“Taking into account the deposits of the Ministry of Finance, including 38,477 ounces of gold, which, at the end of last year, was 152.41 million in Montenegro at the end of last year, ie 58.04 percent of GDP”, stands in the statement of the Government of Montenegro.
According to the Croatian Ministry of Finance, a consolidated debt of the state at the end of the fourth quarter last year amounted to 49.28 billion euros (KM 96.38 billion) and was lower by 690m euros at the end of the third quarter.
“The Croatian public debt expressed in the share in GDP, dropped in the fourth quarter of 2024. in 57.6 percent,” it writes in the data.
Predrag Mlinarević, professor at the Faculty of Economics in East Sarajevo, said the “independent newspaper” that the relative indebtedness, ie the public debt participation in GDP, is relevant to the absolute amount of debt for two reasons.
“The first refers to the fact that the share of public debt in the gross domestic product gives certain states to generate public debt servicing. Namely, it is possible to fall into a significant period in a certain period as a result of greater growth. GDP in relation to the growth of public debt. In that case, the conclusion of the purposeful use of indebtedness was performed, which encouraged economic growth, “Mlinarević said.
He says that the fact that in a country is a small public debt participation in GDP is not something that can be considered an indicator of the quality of the economy, writes Independent newspapers.
“The most developed worlds of the world are the most common due to the perception of investors of their economies and low risks to lend themselves to investors who are ready to borrow their funds. For these reasons it is clear to them that BiH is clear to BiH, which strives for the economic The convergence developed countries cannot rely on available public finances, but must be accompanied by borrowing. In order to increase public debt, and fiscally sustainable, it is necessary to focus on the right things, “Mlinarević emphasized.
