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Economic growth for 2021 estimated at 8.6 %

TIRANA, January 12 /ATA/ Minister of Finance and Economy Delina Ibrahimaj stated today that Albania’s economic growth for 2021 is estimated at 8.6%, much higher than the forecasts of the government, but also of international financial institutions at the beginning of the year.

Both the Government as well as the International Monetary Fund and the World Bank projected economic growth at around 5%, following two crises that hit the country, the earthquake of November 26, 2019 and the pandemic in 2020.

“The Albanian economy dealt with two crises, the earthquake of November 26 and the pandemic that were reflected in the economic performance of 2020. Economic growth for 2021 is projected at 8.6%. In July, our forecast was for a 7.6% increase. At the beginning of 2021, the international institutions, but also we predicted an increase of about 5% “, said the minister in the conference on performance of the economy in 2021 and the challenges for 2022.

Ibrahimaj also said that the revenues are estimated at about 506 billion Lekë, bringing the indicator to 28% of the GDP.

According to her, this is an optimistic level so that in the medium term to reach the target of 30% of the GDP.

“If compared to 2021, the budget revenues increased by 21%,” she said.

Meanwhile, during the current year, Ibrahimaj said, the government expects economic growth to be 4.1% ./p.s./

 

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