fiscal consolidation

Public Debt Dynamics and the Interaction between Fiscal Consolidation, Inflation and Exchange Rate (2019–Q1 2026)

The performance of public debt in Albania during the period 2019–Q1 2026 cannot be fully understood as a result of fiscal policies alone, but as a product of the complex interaction between economic growth, inflation and exchange rate dynamics. Each...

Public debt, a lasting burden with partial benefits

Public debt is not inherently negative. It is a financial instrument that governments use to cover the gap between expenditures and collected revenues (taxes, fees, tariffs, etc.). When there is a budget deficit, the government finances itself through borrowing from...

Public Debt-to-GDP trend and fiscal consolidation

Public debt is one of the main indicators of a country’s fiscal sustainability. In this analysis, we will examine the trends of Albania’s public debt in relation to GDP during the period 2014–2024, assessing the impact of budget deficit, revenue...

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