TIRANA, January 3/ATA/ The public debt in 2023 is expected to decrease to about 67.5% of GDP from about 68.8% expected for 2022 or from about 73.2% in 2021.
The management of the public debt portfolio over the past 3 years has faced challenges as a result of the situation created by the 2019 earthquake, the spread of the COVID-19 pandemic, and most recently by the global crisis due to the Russian invasion of Ukraine.
Public debt currently consists of internal debt, which accounts for 51.3% of the total debt, and external debt, which accounts for 48.7% of it.
2022 has been an atypical year in terms of public debt and domestic borrowing in particular, given that market conditions have not been favorable. While the indicator of the share of external debt has experienced a decrease from the one of 2021, where this indicator was estimated at 49.2%.
2023 is also expected to present uncertainty. The annual borrowing plan for 2023, prepared with the assistance of the World Bank, aims to help the Ministry’s annual borrowing activity as well as increase transparency towards investors.
The government aims to further reduce the debt in the medium term, in line with the medium term strategy of public debt management.
Referring to the data provided by the Ministry of Finance and Economy, the liquidity in the unique treasury account is about 70 billion ALL, which is considered ample, to continue normally with the execution of the budget. /p.s./
