31st July 2026, Skopje - Public debt in Q2 dropped compared to the public debt stock in Q1 by 0.1 p.p., or by EUR 21 million in absolute terms. Expressed as a share of GDP, public debt in Q2 2026 is lower in relation to end-2024 and end-2025 by 2.6 p.p. and by 0.6 p.p. respectively.
Today, the Ministry of Finance announced the data on the level of public and government debt as of Q2 2026 inclusive. Public debt, expressed as share of GDP, accounts for 58.8%, standing at EUR 10,726 million in absolute terms.
In Q2 2026, more than EUR 300 million was repaid for the remaining portion of the Eurobond, issued in 2020 and totaling EUR 700 million, with the largest share being already repaid in the first quarter.
As the Minister of Finance, Gordana Dimitrieska-Kochoska, pointed out during her guest appearance on MTV, public debt stock has so far been successfully managed.
“Public debt in the second quarter accounted for 58.8% of GDP. Let us compare how it stood back in 2021 and in 2024. We have managed to navigate this successfully and to keep the situation under control. Believe me, sustaining a public debt level close to 60% of GDP, while striving not to breach that threshold is far from simple”, the Minister said.
She also underlined that in terms of borrowing, the limit that exists as a perceived boundary may sometimes be exceeded, but what is most important is the way these funds are used and that the economy continues to grow, which has been the case in recent years.
“When it comes to new borrowing, we look carefully at developments and actions taken. This generates additional economic growth and translates into a higher standard of living. Living standard is not defined solely by higher wages. It also includes good healthcare, modern roads, efficient railways, all of these form part of the living standard. Hence, if funds are properly allocated, it is possible to move beyond the perceived boundary, as many countries have done, but what matters the most is that the economy grows, which has been the case in recent years”, the Minister of Finance pointed out.
Ministry of Finance announces data on public debt quarterly, with government debt data released on monthly basis. According to the latest data, as of 30th June 2026 inclusive, government debt amounted to EUR 9,432 million or 51.7% of GDP, declining by EUR 41 million or by 0.2 p.p. in relation to the previous month.
