The general government deficit equalled 1.3% of GDP, this being the most favourable fiscal result in the past ten years. The public debt share in GDP headed down, for the first time since 2008. When it comes to Serbia’s financial sector, all facts testify to its stability, as my colleagues will also corroborate.
Given that the financial sector is bank-centric, the financial health of banks and their capacity to perform their core function of financial intermediation is key for maintaining financial stability. In this context, it is important that banks operating in Serbia largely rely on domestic, stable sources of funding.