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Written by SOT.COM.AL 19 Gusht 2022
The chairman of the Freedom Party, Ilir Meta, has raised the concern of the irresponsibility of public debt management. In a communication with journalists, the former Head of State said that the economic situation in the country is heading towards total collapse.
According to Ilir Meta, the situation with the public debt is extremely alarming, due to the lack of transparency.
Ilir Meta: I would like to return to the internal situation, especially the economic one. We have warned that the irresponsibility of public debt management is leading to a complete collapse of the economic situation in the country
The public debt, which is still unclear due to the lack of transparency, is now endangered by new factors, such as the increase in the interest rate.
The bank has committed to increasing the interest rate and has warned that this is a process that could continue.
Domestic debt is over 35% of total debt
External debt is 34% of total debt and interest has increased. An increase is expected in September and any external debt will be affected by the interest rate increase.