ANALYSIS OF BUDGET DEFICIT AND PUBLIC DEBT IN THE REPUBLIC OF SERBIA
In many developed countries and developing countries there is a trend of growth of the fiscal defici. For economic growth and its sustainability in the future is of great importance to the efficient management of public debt and budget deficit. The budget deficit is a trigger both internal and external imbalances. One of the objectives of fiscal policy in the future is the reduction of the deficit to a sustainable level. Public debt represents the total indebtedness of the state that it captures both to domestic and to inostramim trustees in a certain period of time. In fact, public debt represents komulirani budget deficit, as the government increases public debt when the budget was higher expenditures than revenues. In this connection, the author deals with the analysis of the deficit and public debt of the Republic of Serbia.