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Budget changes, ALL 12 billion package released to cope with COVID-19 situation

TIRANA, March 22 /ATA/ In the frame of measures to cope with the COVID-19 situation, the Council of Ministers has approved the proposals of the Ministry of Finance and Economy for changes to the 2020 budget.

The Normative Act “On Some Amendments to Law No. 88/2019 “ On the 2020 Budget” enables the release of a ALL 12 billion financial package to cope with the emergency situation created by COVID-19 pandemic.

Finance and Economy Minister Anila Denaj said that ALL 11 billion will be released as sovereign guarantee in support for the private sector.

The normative act adopted by the Council of Ministers allocates funds out of state budget to finance the health sector for protective equipment, medications, medical supplies and other necessary services, as well as the relevant social packages.

In detail, the changes to the 2020 budget under this Normative Act are intended to support the core pillars of the fight against the impact of COVID 19, providing ALL 6.5 billion in funding for the anti-COVID social package “in support of employees and / or other strata affected by suspension of work processes at the national level, including those in need, people who lose jobs and communities, who are the most affected.

ALL 2.5 billion fund in support of the Ministry of Health and Social Protection and hospital structures to ensure the supply of medications, equipment and emergency staff and to support medical staff.

ALL 1 billion to the contingency fund of the state budget to create the space for financing the necessary expenditures of unforeseen nature, for the following months.

ALL 2 billion fund reallocated to an emergency fund to provide food supplies to certain communities that may be affected by the pandemic, or to families on state benefit and lonely retirees who will need direct assistance. At the same time, this fund will also be used for the needs of medical teams, both in civilian and in military hospitals.

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