Војно дело (Jan 2017)

Serbian debts and World War I financing

  • Krstić Snežana Lj.,
  • Savić-Gligić Anja P.,
  • Dumonjić-Gligić Jovana P.

DOI
https://doi.org/10.5937/vojdelo1707376K
Journal volume & issue
Vol. 69, no. 7
pp. 376 – 383

Abstract

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During 1912 and 1913 the Kingdom of Serbia led two wars, and from the end of 1915 its entire territory was occupied. Therefore, Serbia had to use foreign funds and external loans to finance military expenditure, as it started to be much greater, and budget revenues were no longer enough for the state budget.

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