Keepin touch

Whether you have a question, comment, suggestion or any problem falling within the competence of the Government, send us your message and we will try to respond as soon as possible. If your problem does not fall within our competence, we will forward your message to the competent institution.

The Government of the Republic of Serbia

In the service of citizens

Prospects for increasing Serbia's credit rating improved

Belgrade, 6 April 2024

The Ministry of Finance stated that the Standard and Poor's credit rating agency has improved the outlook for the Republic of Serbia for increasing the credit rating from stable to positive, with the confirmation of the BB+ credit rating.

The positive forecast for increasing the credit rating is the result of stable economic growth of the Republic of Serbia, responsible macroeconomic policy, strong macroeconomic results achieved in 2023, growth of foreign direct investments and a moderate level of public debt, according to the report of the rating agency.

Deputy Prime Minister of Serbia and Minister of Finance Sinisa Mali said that the good news coming to us from the rating agency Standard and Poor's proves the stability of our public finances and our economy, and its resilience in view of all global events and the world economic crisis.

According to Standard and Poor's, during the year 2024, the real GDP growth of Serbia is predicted at 3.3 percent, and then an average growth of 3.8 percent is predicted in the period from 2025 to 2027.

The agency adds that the credit rating of the Republic of Serbia could be improved in the next 12 months in the case of further growth in exports and inflow of foreign direct investments, as well as a better fiscal result that would further reduce the public debt.