Skopje, 25 September 2025 (MIA) - The Ministry of Finance and the Government will not deviate from the planned projections in the Fiscal Strategy and the Public Debt Management Strategy. The issuance of a new Eurobond has been carefully planned and is within the established goals for maintaining the stability of public debt, timely servicing of obligations and securing funds for budgetary needs, Finance Minister Dimitrieska-Kochoska said in an interview for TV21 on Wednesday evening.

Dimitrieska-Kochoska said the procedure for the Eurobond is already underway and the Ministry plans to issue it on international markets in January.

“The plan is to secure EUR 950 million by issuing a new Eurobond. Of these, EUR 700 million will be used to refinance the Eurobond issued in 2020, while the remaining EUR 250 million will be used for budget financing, as every year. In other words, the plan is to finance the budget deficit partially through the domestic market, and partially through foreign financing, i.e., by issuing a Eurobond,” the Minister said.

In the interview, the Minister stressed the Government aims to enter international markets and issue the Eurobond at the most favorable moment.

“To that end, during my visit to the U.S. for the autumn meetings of the World Bank and IMF, I have scheduled meetings with potential investors. I can note that this is one of the Finance Ministry’s priorities at the moment,” the Minister stressed.

Touching upon the projections of the country’s public debt according to the Fiscal Strategy, the Minister said the Government does not intend to alter the plans laid out in the Strategy, but, she said, it will be important to consider how things unfold in the coming period.

"As of June 2025, public debt stands at 58.5% of GDP, and the latest data from the Ministry of Finance as of July shows a level of 58.7% of GDP. If this trend continues and the economy performs as expected, it is possible that in 2025 we will not reach the projected public debt of 62.1%, but instead it may be lower," the Finance Minister said. 

Photo: Finance Ministry