According to the financial indicators of the Ministry of Finance, the country’s capital expenditure rose 6% year-on-year in 2023 or around 6.8 billion lek compared with 2022.

Overall public expenditures were estimated at 674.7 billion lek in 2023, representing 96.6% of the planned expenditures under the initial 2023 state budget and 95.6% of the annual plan revised under the Normative Act adopted by government in December 2023.

General public expenses are 3.6 percent higher or 23.7 billion lek more than 2022.

The data show that the deficit was 1.4% of GDP, down from 3.7% of GDP in 2022.

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According to the report published by the Ministry of Finance and Economy-MFE, in the 9-month period of 2021, the capital expenditures are 4.7% higher or about ALL 2.3 billion more than in the same period a year earlier.

In September alone, capital expenditures amounted to 12.7% of total, while compared to GDP, they accounted for 2.9%.

Over the years, the capital expenditures ratio to GDP stood at an average level of 3.1%.

In the 9-month period of this year, the expenditures on reconstruction funds accounted for about 4.96% of total expenditures.

In the draft budget for 2022, public investments are estimated at 6.4% of GDP or ALL 111 billion, including the reconstruction fund of ALL 20 billion.//a.i/