Public debt in the second quarter (Q2) dropped compared to the public debt in the first quarter (Q1) of 2026 by 0.1 percentage point or in absolute terms by EUR 21 million. Expressed as a percentage of GDP, public debt in the second quarter of 2026 dropped both compared to the public debt at the end of 2024 by 2.6 percentage points and compared to the state at the end of 2025 by 0.6 percentage points.
Macedonian Ministry of Finance released data Friday on the level of public and state debt as of Q2 2026. According to the data, the level of public debt expressed as a percentage of GDP is 58.8%, while in absolute terms it is at the level of EUR 10,726 million.
In Q2 2026, an amount of over EUR 300 million was paid to service part of the Eurobond in a total amount of EUR 700 million issued in 2020. The majority of this Eurobond was serviced in Q1 2026.
Finance Minister Gordana Dimitrieska-Kochoska noted in an interview with the national broadcaster MRT that the public debt situation has been successfully managed so far.
“The public debt in the second quarter amounted to 58.8% of GDP. Let’s look and see how much it amounted to in 2021 and see how much it was in 2024. We managed to manage all of that and bring things under control. Believe me, it is not easy to move around with a public debt level of around 60% of GDP all the time and fight not to exceed that threshold,” said the finance minister.
The Ministry of Finance releases data on public debt on a quarterly basis, while data on the composition of state debt on a monthly basis. According to the latest data, state debt as of June 30, 2026 amounted to EUR 9,432 million or 51.7% of GDP and recorded a decrease compared to the previous month by EUR 41 million or 0.2 percentage points.
