Rashodi kamata su dramatično porasli u periodu 2005-2013. godina, i to za više od 5 puta. Taj rast je kontinuiran od 2009. godine i podaci pokazuju da u 2013. godini rashodi kamata čine 52,2% ukupnog fiskalnog deficita.
Ovako visoki rashodi kamata ukazuju na veliko opterećenje za fiskalni deficit u budućnosti, jer svaka promena kamatnih stopa u budućnosti, njen rast, može uticati na rast fiskalnog deficita i produbljivanje javnog duga.
Uzroci visokog rasta rashoda od kamata leže u visokim kamatama po osnovu šestomesečnih evroobveznica (iz 2012. i 2013. godine) i nivou javnog duga države.
U prvom kvartalu 2014. godine rashodi kamata iznosili su preko 35 milijardi dinara i veći su u odnosu na isti period prethodne godine za 87,75%. Istovremeno, rashodi kamate čine čak 54,8% ukupnog fiskalnog deficita.
Interest expenditures increased dramatically in the period from 2005 to 2013, rising by more than five times. This growth has been continuous since 2009, and data show that in 2013 interest expenditures accounted for 52.2% of the total fiscal deficit.
Such a high level of interest expenditures indicates a significant burden on the fiscal deficit in the future, as any change in interest rates – particularly an increase – may lead to a further rise in the fiscal deficit and a deepening of public debt.
The causes of the sharp increase in interest expenditures lie in the high interest rates on six-month eurobonds issued in 2012 and 2013, as well as in the level of public debt. In the first quarter of 2014, interest expenditures exceeded 35 billion dinars and were 87.75% higher than in the same period of the previous year. At the same time, interest expenditures accounted for as much as 54.8% of the total fiscal deficit.