TIRANA, Aug 21 /ATA/ Public debt at the end of the first half of the year continued to pursue a downward trajectory.
According to the statistical bulletin on the public debt of the Ministry of Finance and Economy, in relation to the Gross Domestic Product, at the end of the first 6 months of this year, the public debt reached 64.78% of the GDP.
The Ministry of Finance and Economy, through its policies, says that it is working on fiscal consolidation, where the main goal is to reduce the public debt. Over the years, a lot of work has been done to have a portfolio with reduced risks, also significant improvements have been made in the indicators of refinancing and those of interest risk in the domestic debt.
The data show that the public debt has hit the lowest level in the last 10 years.
According to the indicators, the public debt at the end of 2022 decreased to 64.58% of GDP, which is 10 percentage points lower than the end of 2021.
In figures, the stock of public debt at the end of June this year reached 1,409,798 million ALL, of which the stock of domestic debt is reckoned at 763,090 million ALL, while the stock of external debt is reckoned at 646,708 million ALL.
For the first time since 2015, the external debt is below 30% of the Gross Domestic Product.
As for some debt indicators, the average yield of treasury bonds in the last government auction was 3.13%. The yield on 12-month bonds stood at the lowest levels in a year, as rates and interest rates began to rise in an accelerated manner.
The management of the public debt portfolio over the past 4 years has coped with challenges as a result of the situation triggered 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.
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