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Normative act/ How did the budget change since the beginning of the year?

2024-02-23 11:49:26Biznes SHKRUAR NGA REDAKSIA VOX

Normative act/ How did the budget change since the beginning of the year?

In the second month of the year, due to the high performance in income, continuity even from 2023, the government has decided to make the first intervention in the state budget. Referring to the normative act published in the Official Gazette, the general income has increased by ALL 10.8 billion, or about 28.2 percent of the GDP.

Social and health insurance contributions with about 7.9 billion ALL, profit tax and Value Added Tax had the main weight in the increase of income.

While general public expenditures have increased by 6.7 billion ALL from the initial budget, accounting for 30.6% of GDP.

Referring to the fiscal indicators, due to the increase in income, it has been decided to make reallocations, giving focus to capital expenditures with internal financing, with nearly 10.2 billion ALL.

Specifically, public investments with the normative act exceed from 77.3 billion ALL that were foreseen in the initial budget for 2024, to 87.5 billion ALL or 3.6% of GDP.

Through the changes in the budget, the government intends to continue the progress of reducing the stock of public debt to 1,414 billion ALL, without including the possible effects of the exchange rate change from 1,454 billion ALL that was planned in the initial budget.


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