TIRANA, Dec 3 /ATA/ Parliament will begin its plenary session on Tuesday at 10:00 AM, with the draft law “On the Budget for 2025” on the agenda.
By order of Parliament Speaker, Elisa Spiropali, the Assembly is holding a session today to approve the 2025 budget, both article by article and in its entirety.
The budget’s approval requires a simple majority vote, and today the Committee on Economy and Finance will provide its opinion.
The 2025 budget, which was deliberated on for 48 hours in the Albanian Parliament, was approved in principle on November 19 with 75 votes in favor, 40 votes against, and 22 MPs present in the hall who did not participate in the vote.
The 2025 budget is twice as high as that of 2013, totaling approximately 8.2 billion euros. According to forecasts, economic growth is expected to be 3.9%. This growth will primarily be driven by domestic demand, both private consumption and total investments in the economy. Tourism will also play an important role.
Public debt is expected to be reduced to 55.8% of Gross Domestic Product, down from 56.3%, with a productive ratio between the total net borrowing of the budget and the capital expenditures of the central government, achieving a positive current balance of 3.6% of GDP.
According to budget forecasts, unemployment is expected to reach 10.2% by the end of 2024, and for 2025, it is projected that the unemployment rate will decrease to 9.8% of the active workforce.
Budget revenues for 2025 are projected at 754.6 billion lek, or 28.8% of Gross Domestic Product (GDP). Compared to the revised plan for 2024, budget revenues for 2025 are expected to be around 40.6 billion lek higher.
Expenditure forecasts for 2025 are projected at 822.7 billion lek, or 31.4% of Gross Domestic Product, reflecting an increase of 51.4 billion lek compared to the 2024 plan. Public investments for 2025-2027 will be around 6.2%, with a focus on those of strategic importance related to the EU Growth Plan.
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