Municipalities, public enterprises, and state institutions are among the largest debtors, highlighting structural weaknesses in financial management. Local governments reportedly owe suppliers, banks, and utility providers, while some municipalities struggle even to pay salaries and maintain basic services.
The situation is particularly acute in smaller municipalities, where limited budgets and weak revenue collection have worsened the crisis.
Experts warn that without urgent reforms and stricter fiscal discipline, the growing debt could undermine overall economic stability, discourage investment, and limit resources for infrastructure and development projects. Calls are mounting for the government to implement stronger oversight and introduce measures to prevent further accumulation of public debt.
