How much public debt does Albania have? - Shrinks by 0.3% in the second quarter. Reaches the lowest levels in relation to GDP
Albania's public debt appears to have shrunk during the months of April-June. According to a newly published bulletin by the Ministry of Finance, the debt fell to 14.1 billion euros in the second quarter from 14.2 billion euros previously, a slight decrease of 0.3%.
In relation to Gross Domestic Product (GDP), the total stock of public debt is recorded at 54.02%, thus marking a decrease of almost 0.2%. The largest impact on this decrease has been provided by domestic debt, while the stock of external debt continues to increase 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, 7.8 billion euros is domestically borrowed in the national currency, and 6.2 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.
In 2025 it is projected to fall to around 55.8%. According to 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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