Macedonia’s public debt is expected to surpass 60 percent in 2021. The debt level ends 2020 just south of 60 percent, and Central Bank Governor Anita Angelovska Bezoska today annouced that she expects it to grow by one or two percent next year.
The deficit for 2020 is estimated to reach 8.5 percent of GDP. The 2021 budget is not yet adopted. We expect the deficit to be covered from domestic and foreign sources. The projections also imply intensified infrastructure contruction in 2021, which will add to the foreign debt held by public utility companies. The new credit line from the bank of economic development will also have public debt implications. We project it to be around 60 percent for 2020, and to grow by one or two percentage points in 2021, Governot Angelovska said.