The public debt until December 31, 2021, stands at 60.9 % of GDP, the Ministry of Finance said in a press release on Monday. According to the Ministry, the public debt is managed and maintained at a stable level , and is 0.1 percentage points lower at the end of 2021 compared to 2022.

“The public debt is maintained at a stable level. Even amid a health crisis over the past two years, and while also facing an energy crisis in the final quarter of 2021, through the policies and measures we take the level of public debt at the end of 2021 saw a decline compared to the level of public debt at the end of 2020. At the end of 2021, the public debt saw a decline of 0.1 percentage points compared to the public debt situation at the end of 2020, whereas in Q3, there was a decline of 3.8 percentage points compared to the previous quarter. We remain committed to position the public debt below the Maastricht criteria of 60% of GDP, so that in line with projections under the public debt management strategy in 2026 it should be reduced to a level of 57.7% of GDP,” reads the press release.

The Ministry of Finance releases public debt data at a quarter level, whereas government debt data at a monthly level. According to latest data, government debt at December 31, 2021, stands at 51.9% of GDP.

Source:MIA