TIRANA, October 12 /ATA/ Minister of Finance and Economy Delina Ibrahimaj stated today that the economic growth for 2021 is projected at around 7.6%.
In the joint press conference with Head of the IMF Mission Yan Sun and Governor of the Bank of Albania Gent Sejko, at the end of the routine supervisory mission, in the framework of Article Four of the agreement, Ibrahimaj said that after two successive shocks, earthquake and pandemic, the Albanian economy has not only returned to normal, but all indicators signal the following positive outlook.
The minister said that during the current year the annual growth is expected to result in very positive levels, even above the level of the initial forecast of about 5.5%.
“Currently, we forecast an increase of about 7.6% for this year. While for the medium term we anticipate that it will stabilize around the level of 4%. We anticipate that such an increase in the medium term will be generated mainly by domestic demand, both from private consumption and investment”, stated Ibrahimaj.
Speaking about the fiscal policy that the government will pursue in the medium term, Ibrahimaj said that the fiscal policy in the medium and long term will continue to have fiscal consolidation as its primary objective.
In her speech, the minister guaranteed the reduction of public debt during the third governance term of this ruling majority./a.a/p.s./
