New Eurobond in 2024, Flaws: After 22 years the debt is predicted to be below 60% of GDP

2023-11-09 11:12:15Biznes SHKRUAR NGA REDAKSIA VOX

New Eurobond in 2024, Flaws: After 22 years the debt is predicted to be below

The government plans to issue a new Eurobond during 2024, advancing the acquisition of debt in international markets scheduled for 2025.

The confirmation came from the Minister of Economy and Finance Ervin Mete, during the discussions in the parliamentary committee on the deficit and debt foreseen in the draft budget of 2024.

The debt is expected to have a downward trajectory next year, reaching 59.8% of the Gross Domestic Product. According to Mete, the debt has not been below 60% of GDP since 2011.

Borrowing for the year 2023 is expected to result in the value of 73.5 billion ALL, while the finalization of 2 loans of 100 and 110 million euros is expected for the reform in the electricity sector and for sustainable and green development policies.

Meanwhile, in the budget of 2024, approximately 61 billion lek of expenses for internal and external debt interest are foreseen and 5.3 billion lek are contingency funds to cope with the possible increase in debt service due to exchange rate fluctuations or factors of others.


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