1st June 2026, Skopje - At its latest session, the Government adopted, upon proposal by the Ministry of Finance, the 2027–2029 Public Debt Management Strategy, with prospects until 2031. The Strategy underscores the Government’s steadfast commitment to responsible and prudent public finance management, preservation of a stable public debt, and provision of funds for implementing development projects.
The Strategy provides for gradual stabilization and reduction of public debt, which, as per the projections, will decline to 56.1% of GDP in 2031, and remain below the set limit of 60% of GDP.
Guidelines for financing budget needs, repaying previously incurred liabilities, and implementing capital investments are set out therein, with continued focus on preserving fiscal stability and ensuring public finance sustainability.
In the period ahead, part of the funds will be intended for implementing the ongoing investments and infrastructure projects, while the remaining funds will be geared towards repaying and refinancing debt liabilities on the basis of prior borrowing, falling due for repayment. The Strategy outlines that, on the basis of previously issued Eurobonds, repayments fall due in the amount of EUR 500 million in 2027, 700 million in 2028, and EUR 500 million in 2030, respectively.
Medium-term public debt management policy is aimed at providing funds under the most favorable conditions, while prudently managing risks and fostering further development of the domestic financial market.
By adopting the Strategy, Ministry of Finance continues to pursue a policy of prudent and responsible public debt management, oriented towards maintaining stable public finances, supporting economic growth, and financing the budget needs.
In fact, as per the latest published data on public debt level, as of 30th April 2026, government debt accounts for 51.5% of GDP, decreasing by 0.4 p.p. compared to the stock as of March 2026. Reduction was also recorded in absolute terms, with the debt decreasing from EUR 9.473 billion as of 31st March to EUR 9.398 billion. According to the latest published data, at the end of March, the public debt stood at 58.9% of GDP.
