TIRANA, Nov 7 /ATA/ The Minister of Finance and Economy, Ervin Mete, presented on Tuesday the draft budget for 2024 in the Committee of Economy and Finance.
Mete said that, “the draft budget for 2024 foresees a 33% increase for the social and educational sector, an increase of 4.9 billion ALL in investments in various sectors of the economy with a focus on social, economic and health support.”
With a focus on this important pillar, Mete said, the government, through the Normative Act for the revision of the 2023 budget, reallocated a number of expenses with a significant part going to Reconstruction, which in addition to investments in this field, has social effects that include investments in educational facilities, healthcare and infrastructure investments.
Mete emphasized that, “the 2024 draft budget projects an increase in funding in all the main sectors, such as education, defense, justice, where the budget has doubled, while for defense, for the first time, the budget has increased to 2% of GDP, fulfilling an obligation as a NATO member country. As for education, the 2024 budget has a significant increase in salaries and an increase in total expenditures for local education that reaches 78.8 billion ALL with an increase of 9.8 million ALL or nearly 100 million ALL.”
As for the local budget, Mete informed that the expenses for this level of government for 2024 are estimated at 71.1 billion ALL, with an increase of 10.4% compared to the 2023 budget.
