TIRANA, Nov. 25/ATA/-The Parliament approved on Friday with 77 votes in favor and 35 against the 2023 budget as well as the accompanying Fiscal Package for the following year.
The Albania’s revenues for 2023 are expected to be at the level of 631.7 billion ALL, while the expenses are estimated at 687.2 billion ALL, . The economic growth is foreseen at 2.6%.
The 2023 budget foresees assistance to cope with the effects of the crisis. About 50 billion ALL will be allocated to provide financial assistance.
The 2023 draft budget aimed at strengthening social protection systems to help poor and vulnerable people cope with crises; guaranteeing uninterrupted supply of electricity and unchanged electricity price; the continuation of investments in increasing the digital capacities of the economy and citizens.
This draft law included the proposal of 23 amendments, which were defeated by a majority of votes.
As for the 2023 fiscal package, it aims to increase revenue management and align tax legislation with European Union directives, as well as reflect some corrections in current laws, according to IMF recommendations and discussions with interest groups.
The Law “On Excise Duty” is subject to the unification of excise duty on beer, for local and foreign producers, regardless of the amount of production.
This measure will increase the excise duty level from ALL 360/HL to ALL 710/H/alcoholometric scale.
The current law stipulates that producers with a production capacity below 200 thousand hectoliters pay an excise tax of 15 lek per liter, while above this limit 30 lek per liter.//a.i/
