Government announces another 1.5 billion EUR loan, reaching a mind-boggling 8.5 billion EUR in debt


The government will indebt the state for another 1.5 billion euros on the foreign and domestic markets this year, according to the figures in the Draft Supplementary Budget, and this is an amount that Minister of Finance Besimi kept silent when he bragged that he had repaid the “old debt” for the 2014 Eurobond (which was already due for return anyway), from the Government of which DUI was a part, the minister’s party.

However, what is even more worrying is that the same Besimi, in accordance with the adopted Public Debt Management Strategy 2022-2026, plans next year the public debt to reach a mind-boggling 8.5 billion euros or almost 66% of GDP. This is 6 percentage points more than the limit provided by the Maastricht criterion. This year, the Ministry of Finance plans the public debt to reach 64%, and the next as much as 66%. This means that every family of four in the country will owe 17,000 euros.

“In just four years, this government has increased the public debt by 2.4 billion euros and has no intention to stop,” stressed the opposition VMRO-DPMNE.

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