TIRANA, June 16 /ATA/ The increase of exports, but also of tax collections during the first 5 months of this year indicate the recovery of Albanian economy, which is pursuing the pre-pandemic upwards growth trend.
INSTAT released on Wednesday the foreign trade report, according to which, “Made in Albania” exports marked an increase of 39 billion ALL in the first 5 months of this year, compared to the pandemic year.
Referring to official statistics, exports are ALL 15 billion higher this 5-month period as compared to the same period of 2019, while imports are ALL 23 billion more than in the corresponding period of 2019.
The indicators show increase of consumption in the country.
Increased consumption in the country is also reflected in the increase of Value Added Tax collections. Revenues in VAT collections hit an all-time high for the period reaching 55.2 billion, while revenues from excise and national taxes have recorded a higher growth than in 2019.
The government has maintained a steady level of public spending over the 5 months. Total public expenditures in the fifth month of 2021 amounted to about ALL 211.9 billion or 97 percent of the plan for the period, while compared to the same period of 2020 this item is estimated to be 13 percent higher or about ALL 24.3 billion.
