Dimitrieska-Kochoska: Public debt reduced by 4.7 pp We continue with fiscal consolidation and accelerated economic growth

The Ministry of Finance released data on public debt levels at the end of the first quarter of 2025. According to the published data, the public debt decreased by 4.7 pp. Compared to the level of the end of 2024, it stands at 57.7 percent of GDP or a decrease of 36 million euros in an absolute amount.

-This data is a direct confirmation of the policies we implement and the trajectory we move. Public debt of 62.4 percent of GDP at the end of 2024 dropped to 57.7 percent, which is a result of the measures we are taking for fiscal consolidation, measures to reduce unproductive spending, as well as efforts to raise economic activity-says Finance Minister Gordana Dimitrijeska-Kochoska.

According to her, the goal of going to a lower budget deficit, in accordance with fiscal rules of 3 percent and public debt below 60 percent of GDP, is viable, only requires much commitment and effort at every level and the income collection side, as well as on the expenditure side. In addition, as he adds, and what is very important that this Government is doing is the commitment to realizing investments that will bring higher rates of economic growth, which in the long run will bring a decrease in debt levels.

Dimitrijeska-Kochoska emphasizes that the key goal of the Ministry of Finance and the Government is to improve public finance management, as well as maintain a high level of capital expenditures that will support long-term economic priorities.

The Ministry of Finance also announced the level of government debt in the first quarter of 2025, which amounted to 50.1 % of GDP and decreased by 3.7 pp. Regarding the level of state debt published on December 31, 2024. According to the data released, the government debt in an absolute amount is EUR 8,328.7 million, while public debt 9,583.9 million euros.

In the first quarter, the Government, ie the Ministry of Finance, made a payment of EUR 500 million. In addition to this quarter, total payment of liabilities on the basis of the principal for external public debt in the amount of EUR 679.4 million, including the Eurobond.

The Ministry of Finance, according to the established dynamics, publishes the level of public debt on a quarterly level, while the level of government debt is published on a monthly basis.