{"id":30393,"date":"2022-01-28T12:34:50","date_gmt":"2022-01-28T11:34:50","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=30393"},"modified":"2022-01-29T10:23:37","modified_gmt":"2022-01-29T09:23:37","slug":"public-debt-risks-a-serious-crisis-warns-president-meta","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/public-debt-risks-a-serious-crisis-warns-president-meta\/","title":{"rendered":"Public debt levels risk a serious crisis, warns President Meta"},"content":{"rendered":"<p>Albanian President Ilir Meta raised the alarm over the current amount of public debt.\u00a0 warning that it might plunge the country into a serious crisis.<\/p>\n<p>President Meta said in a press conference on Friday that the Finance Ministry has been ambiguous about this year\u2019s public debt, casting doubts about Albania\u2019s financial stability.<\/p>\n<p>Meta said Albania ranks second in the region, after Montenegro, in terms of per capita government debt.<\/p>\n<p>\u201cThe debt stock seems underrated. It should be presented in more detail. Real public debt value, as per the end of 2021, can be calculated as more than 84% of the GDP. But, they did not include the arrays on lost trials in international courts. PPP values will reach 45% of the GPD. PPPs have allowed the government to engage in clientelist projects\u201d, said Meta.<\/p>\n<p>President Meta also had a plea for the Parliament.<\/p>\n<p>\u201cConsidering the critical situation of the public debt and in order to avoid stumbling into a financial crisis and other consequential social dramas, I call on the Assembly and foreign financial institutions operating in the country to cooperate, in order to provide a real and transparent assessment of our public debt\u201d, said Meta.<\/p>\n<p>In his address, Ilir Meta signaled his return to politics as soon as his presidential mandate expires, that is July 24, unless the president is impeached by the Constitutional Court.<\/p>\n<p>Asked on plans to run in the by-elections, the head of state.<\/p>\n<p>The head of state ruled out plans to run in the by-elections but clarified his intent to join the 2023 local elections race.<\/p>\n<p>\u201cI will race in the name of the people that attended the March 2 protest and I call on them to be ready, as the farthest will be in a year\u201d, concluded Meta.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/11\/09\/public-debt-reaches-e4-100-euros-per-person-65-higher-than-in-2013\/\">Public debt reaches \u20ac4.100 per person, 65% higher than in 2013<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/10\/14\/rama-public-debt-isnt-out-of-control-more-funding-coming-in-soon\/\">Rama: Public debt isn\u2019t \u2018out of control\u2019, more funding coming in soon<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/10\/13\/discord-over-public-debt-government-aims-to-take-it-down-to-60-by-end-of-term-imf-unrealistic\/\">Discord over public debt, Government aims to take it down to 60% by end of term, IMF: Unrealistic\u00a0\u00a0<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Albanian President Ilir Meta raised the alarm over the current amount of public debt.\u00a0 warning that it might plunge the country into a serious crisis. President Meta said in a press conference on Friday that the Finance Ministry has been ambiguous about this year\u2019s public debt, casting doubts about Albania\u2019s financial stability. Meta said Albania [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":30394,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[354,317,150,151,353],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Public debt levels risk a serious crisis, warns President Meta - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/public-debt-risks-a-serious-crisis-warns-president-meta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public debt levels risk a serious crisis, warns President Meta - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"Albanian President Ilir Meta raised the alarm over the current amount of public debt.\u00a0 warning that it might plunge the country into a serious crisis. President Meta said in a press conference on Friday that the Finance Ministry has been ambiguous about this year\u2019s public debt, casting doubts about Albania\u2019s financial stability. 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