Arsić, Milojko; Nojković, Aleksandra; Ranđelović, Saša - In: Serbian Association of Economists Journal (2013) 3-4, pp. 222-237
For many years Serbia has been running fiscal deficit, which has considerably increased since 2008, leading to rise in public debt from 29.2% of GDP in 2008 to 60.3% of GDP in the end of 2012. This paper is aimed at resolving the dilemma if the economic recovery would be sufficient to reduce...
