Albaniaai??i??s public debt to be reduced to 63.4% until 2020

Albaniaai??i??s public debt will be reduced to 63.4% until 2020. This is the projection made by experts of the ministry of Finance. Based on the 2018-2020 Medium Term Debt Strategy, this important macroeconomic indicator will be on the fall.

However, it must be said that this figure is still high. Based on the document in question, this will be figure concerning public debt based on a basic scenario of the economic performance in the country. Meanwhile, based on other risk scenarios which can be associated with economic performance, they say that debt may be even higher than this, namely 66.6% if the domestic currency depreciates by 15%, and 65.2% if this depreciation is 10%. ai???Public debt as percentage of Gross Domestic Product will follow a dropping trajectory, which has already started since 2016. Under these circumstances, the level of this debt as percentage of GDP at the end of the medium term period, is estimated to be 63%ai???, experts explain. Let us recall that public debt started to drop two years ago, following a period where debt reached its peak. ai???In 2016, public debt as percentage of Gross Domestic Product dropped by 1.7%, entering for the first time since 2016 a falling trajectoryai???, the governmentai??i??s strategy states.var 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