In the upcoming period each of about two million employees in Serbia will have to allocate 1,300 Euros a year so that the state could pay off interest rates and due part of the debt principle amount.

It currently amounts to 9.9 billion Euros, but might soon increase by at least 2.5 billion, since this is the amount of newly contracted debts, and it is a matter of time when this money will be drawn.

Credits are not bad, but they will become bad if they are wasted or if the borrowed money is not invested.

Serbia will have to pay about two billion Euros a year for regular installments of loans contracted at the beginning of 2009, officials of the Ministry of Finance told Ekonom:east.

International financial institutions and two of our four foreign policy pillars “opened” in the past twelve months only. With Russian 660 million and Chinese 200 million Euros, the total public debt will thus this year increase by almost three billion Euros.