Official data from the Ministry of Finances show that from 2010 to 2015,
the national debt has increased with 14%, and, for the same period, the
interest rate paid by the budget was relieved to 2.67%, from
3.36% that it used to be.
The reduced debt cost is due to the dropped interest rates. The Ministry of Finances that the evarage interest rate of the public debt wnt down to the lowest historic level of 4.66%, while in 2010 Albania paid 8.7%.
The dropped interest rate is a global tendency that reflects the difficult economic environment and the aggressive policy followed by the Bank of Albania, which has reduced the interest rate 16 time in total, to a historic minimum of 1.25%.
While the effects of this policy have spurred hot debates among economists, the government has made profits from the easier measures.
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