Public debt reaches 14.2 billion euros, 54.2% of GDP - Impact, Eurobond issued in February
Public debt in the first quarter of this year reached 14.2 billion euros, up from 13.6 billion euros at the end of the fourth quarter of the year before.
In relation to Gross Domestic Product, the total stock of public debt is recorded at 54.18% at the beginning of this year, with a slight increase of 0.23%.
While the year with the highest stock in the last decade is 2021, with 74.07%.
The depreciation of the euro against the lek has been to the government's advantage in terms of reducing the debt it has incurred, making it cheaper and the installments lower.
Of the total debt, 7.8 billion euros is domestically borrowed in the national currency, and 6.4 billion euros is foreign debt, borrowed in foreign currency, mainly in euros.
What has increased is the external debt, of approximately 620 million euros, which is directly related to the Eurobond issued in February of this year, where the government borrowed 650 million euros on international markets.
Debt servicing costs the state budget approximately 282 million euros for the first quarter of the year, including principal and interest.
The government anticipates that gross public debt will continue to follow a downward trajectory throughout the year in accordance with the respective fiscal rule.
In 2025, gross public debt is projected to fall to around 55.8 percent. Under the baseline scenario, gross public debt is expected to fall to around 55 percent in 2026 and further to around 48.5 percent in 2031.
Poll
Energy prices increase on the Albanian Stock Exchange - 3-month period marks a 77% increase, the value of transactions reached around 44.6 million euros
Around 322 thousand MWh of energy was traded on the Albanian Electricity Exchange during the first quarter of this year, with the value of transactions......
Call for free POS terminals opens - Mastercard will distribute 4750 of them for 1 year. Which businesses benefit?
Applications are now open to receive 1 of the 4,750 free POS terminals in Mastercard's POSI program. Only small and medium-sized businesses operating in the......
International transfer of personal data: Albania and Kosovo mutual recognition!
Within the framework of Law No. 124/2024 “On the Protection of Personal Data”, the Office of the Commissioner for the Right to Information and Personal Data......
Merz's election fails in first round of voting - Conservative leader fails to secure majority in German parliament
German conservative leader Friedrich Merz failed to secure a parliamentary majority to become chancellor in the first round of voting. Parliament has 14 days......
The number of enterprises increases by 10%. Businesses in trade, services and hotels with restaurants lead.
INSTAT has recently published data on the demographics of enterprises in Albania for the annual period 2021–2023. According to these statistics, in 2023, a......
Average salaries across Europe: Which countries pay the most?
Average wages vary widely across Europe. The cost of living also varies. So which countries offer the highest wages? And how do wages compare when adjusted......
Electoral transparency with advanced technology - 35.5 million lek tender opens for the new CEC system
The Central Election Commission has announced the opening of the tender for the creation of a system for indexing and searching for film footage, as well as......
Property tax, municipalities "harvest" 14 million euros - 385 thousand buildings across the country pay at market value
Municipalities are collecting more revenue from real estate taxes held by Albanian citizens. Official data from the Ministry of Finance shows that during the......
