Albania's public debt, 53.45% of GDP - The decline does not stop in 2025. The strengthening of the lek made foreign loans cheaper
Albania's public debt continued to shrink in the third quarter of this year. According to the Ministry of Finance's statistical bulletin, the debt fell to 14 billion euros in the third quarter from 14.1 billion previously, a slight decrease of 1.1%.
In relation to Gross Domestic Product (GDP), the total stock of public debt is recorded at 53.45%, also marking a decrease of almost 0.6%. The largest impact on this decrease has been provided by domestic debt, while the stock of external debt also continues to be with a slight decrease in relation to GDP.
The government's debt stock to Gross Domestic Product has reached its lowest levels since 2015. The depreciation of the euro and the appreciation of the lek have served the government in terms of reducing the debt it has incurred, making it cheaper and the installments lower. Therefore, debt service costs have been eased.
Of the total debt, 8 billion euros is domestically borrowed in the national currency, and 6 billion euros is foreign debt, borrowed in foreign currency (mainly in euros).
The government anticipates that gross public debt will continue to follow a downward trajectory throughout the year, in accordance with the respective fiscal rule.
Under the baseline scenario, gross public debt is expected to fall to around 55% in 2026 and further to around 48.5% in 2031.
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