TIRANA, October 28 /ATA/ Minister of Finance and Economy Delina Ibrahimaj said today in the Assembly that, “Last year we faced the worst recession we have encountered since 1997 and today the Albanian economy grows by 18%; the growth is clearly the materialization of socio-economic policies undertaken by the government ”.
During the discussion of the actual budget in the Assembly, Ibrahimaj said that, “Albania’s expansionary fiscal policy pursued over the last two years, is designed as an ambitious response to mitigate the impact of economic shocks and ensure a sustainable recovery.”
According to her, “The fruits of the policy pursued during 2020 are materializing this year in double-digit economic growth, increasing employment and trade, increasing consumption and private investment.”
The minister stressed that, “Public debt reached the level of 77.84% of GDP, lower than the initial expectation of about 80%”.
Meanwhile, Ibrahimaj said that, “The budget of 2022 will enable the return of stable fiscal parameters by bringing public debt in a downward trajectory and also bring the primary balance to positive in 2024 according to the fiscal rule provided by law.”
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