TIRANA, July 4 /ATA/ The public debt at the end of 2022 was about 10 percentage points less than the end of 2021 and the downward trend has continued in the first quarter of the year.
In relation to the Gross Domestic Product at the end of 2022, the public debt reached 66.97% of the GDP.
Minister of Finance and Economy, Delina Ibrahimaj, said on Tuesday during the press conference on the indicators of the economy that at the end of the first quarter of the year the debt reached the level of 63.27%.
“We have made it clear since we drew up the 2023 budget that the main fiscal policy of the Ministry of Finance and Economy would be oriented towards fiscal consolidation, with the aim of reducing the public debt and the deficit, as well as the main indicators of fiscal stability, which they will allow us in the future to have the necessary space to cope with any kind of unexpected shock that may come our way. The public debt at the end of 2022 was about 10 percentage points less than the end of 2021, and the downward trend has continued in the first quarter of the year. At the end of the first quarter of the year, the debt reached the level of 63.27%,” the minister said.
As for some debt indicators, the average yield of treasury bonds in the last government auction was 3.09%. This yield was the lowest since September 2022, when rates and interest rates began to rise rapidly.
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