Ministry of Finance:Public debt to fall 60% of national output in 2021

The latest official data of the Ministry of Finance say that for the first time after 2014, public debt fell below 70% of national output. By the end of 2017, government debt accounted for 69.9% of gross domestic product, falling 2.44 percentage points from 2016. This is the second year that the public debt level is declining after the record figure of 73% which reached 2015. According to finance ministry experts, the fall in debt stock is due to the expansion of the economy, but also the strengthening of our national currency against foreign currencies. But although the government debt figure is declining, the International Monetary Fund and the World Bank think that current debt level is worrying. The IMF and the World Bank have repeatedly called for a reduction because they consider it the main risk for the economic growth. On the other hand, the government has been committed to the reduction of the public debt to 60% of national output in 2021.var 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