Shqipëria Posted on 2026-07-14 10:31:00

The government borrows less from the domestic market - Treasury bills remain the main financing instrument, but issuances fell

From Ledina Elezi

The government borrows less from the domestic market - Treasury bills remain the

The Ministry of Finance has sold 229 billion lek of government securities during the first half of this year. The data shows that the government has auctioned 3.5 billion lek of treasury bills and bonds less than in the first half of last year. This shows that the government has not needed to take on much domestic debt.

Treasury bills turn out to be the most issued instrument during 2026, while January and March have marked record issuance values ​​compared to other months.

The sale of government securities is carried out in the primary and secondary markets. In the primary market, the government sells the securities for the first time and receives money directly from investors. This market is mainly attended by commercial banks, financial institutions and, in some cases, other institutional investors.

Once these securities have been purchased in the primary market, they can be further traded in the secondary market. This is the market where previously issued debt securities can be bought and sold between banks, financial institutions, or other investors, without the government being directly involved in the transaction.

According to a report by the Ministry of Finance for June, the average yield of competitive bids for 12-month treasury bills due in June 2026 closed at 2.65%.

Regarding the secondary market, 2 transactions were carried out by market development banks. The total trading value reached 200 million lek.

On the other hand, in July 2026, the Ministry of Finance plans to issue 29.5 billion lek through 7 auctions, of which 9 billion lek are Treasury Bills and 20.5 billion lek are Bonds.

 

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