TIRANA, Nov 16 /ATA/ The Albanian Parliament approved on Tuesday in principle the draft budget for 2022.
On Tuesday’s plenary session, the MPs passed with 76 votes in favor, 52 against and no abstentions the draft law “On the budget for 2022” (review in principle).
In 2022, total budget revenues are projected to increase further to the level of ALL 536.8 billion. Compared to 2021 projections, this increase is about 7.8%.
Budget expenditures for 2022 are projected to be ALL 637.6 billion, or 34.1% of GDP. Public investments are projected at ALL 119.1 billion or 6.4% of GDP, which includes the reconstruction fund in the amount of ALL 20 billion, as well as capital transfers for the expropriation fund estimated at ALL 1.8 billion.
The budget deficit for 2022 is planned to be at 5.4% of GDP and public debt will decrease to 78.6% of GDP, ie by about 1.4% compared to the expected level of 2021.
The Members of Albanian Parliament also approved in principle with 76 votes in favor, 52 against and no abstentions the draft law “On an addition and some amendments to law no. 92/2014 “On value added tax in the Republic of Albania” as amended: ” draft law “On some additions to law no. 9975, dated 28.7.2008 “On national taxes” was approved in principle with 76 votes, 52 against and no abstentions; draft law “On an amendment to law no. 8438, dated 28.12.1998 “On income tax” was approved in principle with 76 votes in favor, 52 against and no abstentions; draft law “On some changes and additions to law no. 61/2012 “On excises in the Republic of Albania” was approved in principle with 76 votes in favor, 52 against and no abstentions.
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