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Albania projects public debt to fall to 55% of GDP by 2027

Jun 20, 2024, 4:01:25 PMArticle by Genta Hodo
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June 20 (SeeNews) - Albania’s finance ministry said on Thursday that the public debt is projected to decrease to 55.2% of gross domestic product (GDP) by 2027, down from 58.9% in 2023.

Albania projects public debt to fall to 55% of GDP by 2027
Photo: Albania's finance ministry

The new forecast is part of the revised macroeconomic and fiscal framework for 2025-2027, which outlines strategic government priorities and medium-term macroeconomic expectations, the finance ministry said.

An earlier version of the framework projected 2027 public debt ratio would reach 58.2% of GDP.

The revised projections indicate an increase in revenue, which is expected to reach 28.8% of GDP in 2024 and 29.1% in 2027, compared to 27.8% in 2023.

($=0.932 euro)

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