United States public debt

Macedonia's decision to borrow €500 million was revealed in the latest Official Gazette, which said the money would be borrowed in the third quarter of this year “for financing the budget needs of this year and the next”.

By Guntram B. Wolff *

BELGRADE - The Fiscal Council estimates that Serbia's budget deficit in 2014 could reach 8.7 percent of GDP, which is significantly more than in many other countries, Fiscal Council President Vladimir Vuckovic said on Tuesday.

BELGRADE - The analysis of debt issued by the National Bank of Serbia (NBS) has showed that Serbia's external debt has reduced by EUR 338.2 million in the first three months of 2014, while the public debt went up by EUR 365.8 million.

Central Bank: External debt falls, public debt rises

BELGRADE -- The analysis of debt issued by the National Bank of Serbia shows that Serbia's external debt has reduced by EUR 338.2 million in the first three months of 2014.

At the same time, the public debt went up by EUR 365.8 million.

The report entitled "Albania’s Public Finance Review," underlines that Tirana’s fiscal deficit is largely structurally driven, and says reforms in tax, administration, pensions and energy could significantly enhance its fiscal sustainability.

Mohamed A. El-Erian

There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” -- that is, secured a flow of money to cover its immediate needs and found a way to manage its stock of outstanding debt over time.

 Efforts of Greece and creditors should be focused on expanding the country’s economy in the long term

By Dimitris Kontogiannis

Greece has surprised many pundits by achieving a bigger-than-estimated primary budget surplus last year but it has a long way to go to reach a much higher level consistent with sustainable debt.

 Government must balance needs for this year’s budget targets with impact on growth and political gains

By Dimitris Kontogiannis

KOPAONIK - Serbia's budget deficit would reach seven, even eight percent of gross domestic product (GDP) this year, which would be the highest rate in the region, while GDP is expected to grow from zero to one percent, Chairman of the Fiscal Council Pavle Petrovic estimated on Tuesday.