Public debt marks growth, tools are being spent on economic growth

Over 22m euros has increased Kosovo's international debt over the first six months of this year, compared to last year.

From January to June 2023, the external debt amounts to over 663m euros. While domestic debt, up from 1 billion and 112m euros, was in 2022, in the first six months of this year was 1 billion and 9m euros.

According to the Ministry of Finance, withdrawals in the highest sums have been realised by the European Bank for Reconstruction and Development, the International Development Association and the International Monetary Fund.

But how this money was used showed Kryeziu Progress, the Government's spokesman for RTK.

<x0). Debt components are being used for various infrastructure projects, energy efficiency projects and projects for support in structural reforms for the country. All projects are related to the governing programme and the respective ministries' priorities, whose final goal is the country's economic development and the establishment of citizens' welfare”.

According to the audience, the government must ensure that before decisions are made on financing borrowing projects, detailed analysis has been made with the aim of making the most efficient use of these funds. Meanwhile, economics professor Muhamet Sadiku shows how much the growth of debts has affected economic development.

“Two years to make transformations to make developing turns is a very small period. Therefore, all developments that have occurred are the result of permanent impact. But in the past two years public investments have been lacking, which are extremely low and they are extremely important factors in the country's gross-productive creation”, Professor Sadiku said.

It will stress that Kosovo's public debt has marked growth over the years.