Standard and Poor’s confirmed the B+ evaluation for Albania’s public debt, which means that the country’s finances are considered with a stable perspective.
The prestigious agency assessed that Albania’s public debt ahs been reduced with 5% in the pas three years, to 67.9% of the GDP, supported by country’s economic growth and by the government’s reduction of loans.
According to Standard and Poor’s, if this tendency continues, the public debt evaluation may even increase one spot.
Standard and Poor’s foresees that the Albanian economy will keep growing with 4%, helping a further reduction.
However, concessions are a significant risk for the country’s finances. With the obligations that they create, it will be impossible for the budget to have a proper evaluation.
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