Public Debt Stock 2012

The structure of Central Government Debt Stock consists of short-term debt and long-term debt. Is considered as short-term debt the debt issued in the domestic market and is represented by instruments with maturity up to one year. Is considered as long-term debt the debt issued in domestic or foreign market with maturities longer than one year.

Open Data Albania is updating the Public Debt Stock data for 2012. In this year the stock of public debt recorded 827 987 million. This value is 7.18% higher than the previous year with 772 525 million. Domestic debt stock for 2012 stands at 470 358 million (four hundred seventy billion, three hundred and fifty-eight million). While Foreign Debt Stock amounted to 357 629 million (three hundred and fifty-seven billion, six hundred and twenty-nine million).

^{Resource: Ministry of Finance
Comments and analysis: ODA}

But to return to previous publications on debt stock over the years we see that the trend is upward. Each year the public debt grows with the corresponding percentage compared to the previous year.

^{Resource: Ministry of Finance
Comments and analysis: ODA}

Domestic debt stock for the period 2001-2007 consists only of state-owned debt and in 2008 the structure varies with the guaranteed debt. Guaranteed public debt means the obligation of a private borrower, the repayment of which is guaranteed by a public entity, government or its departments. The year 2008 marks 98.76% State-owned debt (direct) and 1.24% guaranteed debt.

The state-owned domestic debt stock and the guaranteed one over the years results as in the following graph:

^{Resource: Ministry of Finance
Comments and analysis: ODA}

While the Foreign Debt has shown signs of stock to ensure that in the year 2001, to reach 10.57% of Total Foreign Debt in 2012. Most of the Foreign Debt is accumulated as state-owned debt and the rest of it is accumulated as guaranteed debt, which projects directly served rural and urban development, and the various state units.

Foreign Debt structure over the years is presented in the following graph:

^{Resource: Ministry of Finance
Comments and analysis: ODA}

A very interesting report to be studied is the Stok debt / GDP. This report has resulted in greater than 50% for the period 2001-2012. Domestic stock / GDP follows in the range 30-45%, while foreign stock / GDP 15-30%.

Chart below shows exactly this report:

^{Resource: Ministry of Finance
Comments and analysis: ODA}

Total public debt, including guarantees exceeded the limit of 60% of GDP (gross domestic product) in two years time frame in research. Accordingly in 2002 the stock of debt versus GDP scored 62.84%, exceeding the rate by 2.84%. Also in 2012 the stock of debt versus GDP scored 61.15%.

^{Resource: Ministry of Finance
Comments and analysis: ODA}