EconomyNewest

Economic growth and debt at a historic low

Economic growth and debt at a historic low

Numbers don’t lie. Economic indicators say it all. The growth of the gross domestic product over the past eight years—by almost seven billion or 60 percent—is a clear reflection of the economic progress and stability of Republika Srpska.

And this happened during a time of unprecedented pressure and a global crisis. Yet the so-called “concerned observers” predicted bankruptcy and financial collapse for Srpska.

Opposition politicians and certain media outlets repeated the worn-out narrative of alleged budget deficits and debt for years. And none of that came true.

The debt is at a historic minimum, the deficit is below one percent, wages and pensions are increasing, and investments are being made in the economy. This is confirmed by economic indicators, experts, and businesspeople alike. With GDP growth in the last 16 consecutive quarters, we can only look forward to better days ahead.

Watch the full report.

Source: RTRS

Shares: