Serbia's public debt totaled EUR 12.13 billion or 38 percent of the GDP at the end of January, announced the Ministry of Finance.

Serbia's direct liabilities totaled EUR 10.41 billion at the end of January, with an internal debt of EUR 4.59 billion and an external debt of EUR 5.82 billion.

Contingent liabilities totaled EUR 1.71 billion at the end of January, the Ministry published on its website.

Serbia's public debt reached EUR 12.16 billion or 41.4 percent of the GDP at the end of 2010, which means the debt went down EUR 32 million in January.

At the end of 2009, public debt totaled EUR 9.85 billion or 32.9 percent of the GDP, which means it rose by about EUR 2.3 billion in 2010.

At the end of 2008, Serbia's public debt totaled EUR 8.78 billion or 26.3 percent of the GDP.