Abstractlevel is one of the current topics in the global public finance, where many countries have faced with a increased public debt. Accordingly, debt management is an issue for makers of economic policy in the context of maintaining long-term macreconomic stability. The subject of the paper is an analysis of macroeconomic framework and public debt in Republika Srpska for the period 2014-2018 from the point of level, strucutre, maturity and types of instruments. The results have shown that share of total debt is 37.60% of gross domestic product, which is much less than legal limit of 55% of gross domestic product. The structure of total debt is predominantly defined in long-term debt, where almost 50% of debt is denominated in euro in 2018.