In record numbers, Kosovo owes up to the throat

The government of Kosovo currently heads Prime Minister Albin Kurti, while the country's overall debt has reached record figures -- an estimated 1 billion and 700 million -- has now reached it.

In the last year alone, Kosovo has borrowed around 200m euros, in 2020 Kosovo's financial obligations figured 1 billion and 487m euros, while only a year after that debt has amounted to 1 billion and 682m euros.

But to whom does Kosovo owe it?

Based on the finance ministry's document, it turns out that Kosovo owes the International Bank for Reconstruction and Development, then the International Monetary Fund, the World Bank, then the European Bank for Reconstruction and Development, the European Community, the German Development Bank and several international financial entities and subjects.

The Metro newspaper writes that the enzyme increase in Kosovo's in debt is noted after 2016, where at that time the debt was about 850m euros, largely inherited from the total debt of the former Yugoslav dollar.

Kosovo has it regulated by law, rather than debt as a state.

The government of Kosovo is defined by the Law on Public Debts on Article 32 respectively, says the maximum ceiling on total debt is “40% of Bruto Product”.

Currently, Kosovo stands at approximately 25% of BPVʹs, and that it has about 200m euros a year in debt, which the state needs in the future to pay.

With the same law and the constitution for any debt of the state of Kosovo and its financial and political entities, ratification is needed 2/3 in the Kosovo Assembly.