TIRANA, July 17/ATA/- The Albania’s Minister of Finance and Economy Anila Denaj stated Friday that, the contraction in private sectors or private investments due to the COVID-19 pandemic, will be offset by a strong acceleration of public investments.
In her remarks, Minister Denaj noted that, budget expenditures are projected to increase to ALL 30.16 billion aimed at injection of funds in economy’s priority sectors through public investments.
The budget review determines the additional financing of ALL 900 million for local units to provide rent bonus that allows families to live at houses while monthly rents are paid by the state.
The revised 2020 budget stipulates the allocation of an additional fund of ALL 400 million for the farmers’ scheme, based on the Ministry of Agriculture and Rural Development exceeding expectations for 2020 applications, as well as the ALL 400 million funding of the new English and IT program for compulsory basic education cycle.
Also, the revised 2020 budget determines the allocation of a fund of ALL 200 million, as a precondition for the absorption of EU budget support within IPA projects, as well as the increase of the planned fund for the unemployment scheme to ALL 200 million.//a.i/
