TIRANA, November 9/ATA/ Minister of Finance and Economy Delina Ibrahimaj stated today that in the draft budget of 2023, budget expenditures will be at the level of 687.2 billion ALL or 31.6% of the GDP.
“In nominal value, these expenses have increased by 6.5%, 26.5 billion ALL compared to the revised plan of 2022”, said the minister during the speech in the Assembly where the 2023 draft budget is being discussed in principle.
Ibrahimaj said that public investments are planned to the extent of 5.6% of GDP or 122.2 billion lekë. According to her, this is higher than the average rate before 2019.
“In the 2023 budget, budget expenditures are predicted to be double what they were 10 years ago, while public debt and budget deficit are predicted to slow down. Debt is projected at 67.5% in 2023, from 68.8% in 2022, while the fiscal deficit target is 2.6%. These indicators are predicted to be decreasing, confirming the commitment of the Albanian government to have a fiscal consolidation in order for us to create the necessary spaces to withstand any unexpected event. The objective to do and have fiscal consolidation in a period of crisis proves the care in the use of public money to guarantee the macro-economic stability of the country and the purpose of protecting the public interest”, she said.
The minister stated that the expenses over the next year will be mainly focused on the support of electricity and the strata in need, but without leaving aside the financing of priority sectors such as health, education and agriculture.
“Infrastructure, which is the heart of the country’s economic development, will continue to be significantly financed by the 2023 budget, with a total of 54.7 billion ALL or 2.5% of GDP. More roads, more interconnections and more works will guarantee more attractiveness for foreign investments, either in the sectors covered by the Ministry of Infrastructure and Energy, or in the sectors that are primary for the Albanian economy, to stimulate economic growth, to stimulate interconnection the best of all the countries of the region and EU countries”, stated Ibrahimaj./j.p/r.e/p.s./
