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EUROSTAT data/ The last in Europe for social protection budget expenditures, leaving behind only Turkey

2023-11-14 13:46:56Biznes SHKRUAR NGA REDAKSIA VOX

 

EUROSTAT data/ The last in Europe for social protection budget expenditures,

Albania and Turkey were ranked last in all of Europe for low budget expenditures for social protection. This budget item includes expenses for pensions, economic assistance and unemployment.

Eurostat data, dating back to 2021, show that Albania spent 12.8% of GDP on social protection, leaving behind only Turkey, which spends 10.7% of GDP on this item.

In the European Union, countries pay an average of 28.7% of GDP from social protection budgets.

In the first place is France, as the most social country in Europe, where social protection expenses exceeded 33.4% of GDP in 2021, Austria comes second with 32.3% of GDP, followed by Italy and Germany with from 30.6% of which.

Albania is also ranked the weakest in the Region. Bosnia, Serbia and North Macedonia give 18-19% of their GDP to social protection.

As a result, payments for pensions and economic assistance in Albania are lower than in the Region and Europe.

The low payments for social protection in Albania are related to the fact that the country collects less budget revenue compared to its GDP.

Next year, the budget in value will increase by 3.7% in relation to this year's expectations, but in relation to GDP, revenues will decrease to 27.7% of GDP from 28.1% that are expected to be this year year.

While our country does not collect more than 27% of GDP, the regional average is around 25% and in the EU around 45%.

Weak fiscal capacities limit support for the needy. For almost a decade in a row, our country has not made progress in increasing income in relation to GDP, even though it has the highest fiscal burden in the Region and does not apply differentiated VAT for the basket of goods.

In recent years, in a systematic way, international financial institutions such as the World Bank and the International Monetary Fund have advised the government to apply reallocations to the needy as it is the part most affected by the crises of recent years such as the Covi-19 pandemic and the inflation that creates the war in Ukraine.

Pensioners and people with economic assistance are the most affected part of the society by inflation, and therefore in the last year their contribution to the budget income was high.

In 2021, total spending on social protection benefits in the EU reached €4.1 trillion, or 28.7% of GDP. In 2021, around 45% of total spending on social protection benefits in the EU was on pension schemes, followed by healthcare at 30%.

During the period 2011-2021, the fastest expansion of spending on social protection benefits was recorded for the housing and social exclusion function, followed by the illness/health care function.

EUROSTAT data/ The last in Europe for social protection budget expenditures,


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