TIRANA, Oct 29 /ATA/ Finance Minister Petrit Malaj presented the 2027 draft budget and new fiscal package to the Conference of Chairmen today. He highlighted that the plan uses macroeconomic analysis to ensure steady economic growth, consolidate fiscal metrics, and balance state revenues with expenditures.
According to Malaj, the government’s goal is to ensure long-term, sustainable economic growth beyond next year while maintaining steady macro-fiscal consolidation.
“Our 2027 draft budget is grounded in detailed macroeconomic analysis and cautious revenue and spending projections,” Malaj stated. “The Finance Ministry has drawn up a realistic plan that meets national priorities within our actual financial means, all while maintaining a balanced budget.”
Malaj emphasized that the financial plan is tailored to the nation’s needs and realistic funding capacity, aligning with the government’s strategic drive to secure EU membership for Albania by 2030.
According to Malaj, the newly approved 2027 draft budget aligns with key policy priorities for 2027–2029 while emphasizing social protection initiatives. He noted that the budget serves as a direct indicator of government accountability and underscores the commitment to enhancing citizen well-being in pursuit of EU accession targets for 2030.
According to Malaj, the 2027 draft budget focuses on sustainable growth, healthy public finances, and better living conditions, supported by a historic spending plan exceeding €10 billion.
According to Malaj, pensions will be indexed starting April 2027, with the pensioners’ bonus doubling to 20 billion ALL. The baby bonus will also see progressive increases for children through age five.
According to Malaj, Albania will maintain fiscal consolidation in 2027. Total revenues are projected at 907.9 billion ALL (30.9% of GDP), marking a year-over-year increase of 56 billion ALL (€560 million) compared to 2026.
Key budget allocations include 1.1 billion ALL for stipends for needy students, 400 million ALL for school infrastructure, 500 million ALL for after-school care, and 100 million ALL for scientific research, all intended to strengthen education and support national development.
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