All countries of the region have high public debt due to their weak fiscal discipline and lack of mid-term management plan, and the situation might be improved by boosting private instead of public sector. These were some of the conclusions from yestreday’s public debate regarding public debt in the countries of region, organized by the regional coalition ‘Balkan Monitoring Public Finances’.
Sanja Madžarević-Šujster, a representative of the World Bank (WB), told that the whole region faces the same external debt situation as they lack a mid-term focus.
“Public debt in all countries increased. They are struggling with a weak fiscal discipline and great insecurity,” said Mažarević-Šuster, adding that all countries of the region invested in motorways, which have a longer payback period.
