expenditures – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 14 Oct 2021 16:11:11 +0000 en-US hourly 1 Revenues increased to ALL 58.9 billion in 9-month period of 2021 https://en.ata.gov.al/2021/10/14/revenues-increased-to-all-58-9-billion-in-9-month-period-of-2021/ https://en.ata.gov.al/2021/10/14/revenues-increased-to-all-58-9-billion-in-9-month-period-of-2021/#respond Thu, 14 Oct 2021 15:27:13 +0000 http://en.ata.gov.al/?p=163378 TIRANA, Oct. 14/ATA/ Total revenues in the 9-month period of 2021 are reckoned at 104.4% of the plan.

“Total revenues in the 9-month period of 2021 reached 367 billion, or 104.4% of the plan. Compared to a year ago, revenues have increased by ALL 58.9 billion,”the Ministry of Finance and Economy (MFE) announced on Thursday.

According to the MFE, expenditures amounted to about ALL 403 billion or 93.8% of the plan for the period, while compared to the same period of 2020, expenditures were 9.6% higher or about ALL 35.4 billion more.

In annual terms, the total expenditures in the 9-month period of 2021 are reckoned at 68% of the initial annual plan and 66.1% of the annual plan amended by the June Normative Act.

Meanwhile, the deficit level in January-September of this year amounted to about ALL 35.9 billion. //a.i/

]]> https://en.ata.gov.al/2021/10/14/revenues-increased-to-all-58-9-billion-in-9-month-period-of-2021/feed/ 0 BoA: Household consumption increases in second quarter of this year https://en.ata.gov.al/2021/08/17/boa-household-consumption-increases-in-second-quarter-of-this-year/ https://en.ata.gov.al/2021/08/17/boa-household-consumption-increases-in-second-quarter-of-this-year/#respond Tue, 17 Aug 2021 16:29:20 +0000 http://en.ata.gov.al/?p=158225 TIRANA, Aug 17/ATA/ Private consumption is providing a positive contribution to the expansion of aggregate demand in the second consecutive quarter, the Bank of Albania-BoA said on Tuesday.

The Bank of Albania said that, households have increased expenditures on services and non-food items, reflecting the reduction of uncertainties.

The growth of loans to households, the increase of salaries and incomes in the form of remittances have financed the growth of private consumption in the first quarter.

According to the BoA, consumer confidence has gradually improved and supporting the execution of expenditures.

Based on official data, in the second quarter of this year, private consumption has continued to follow un upward trend. Both consumer goods imports and imported vehicles marked strong growth in the second quarter of 2021. //a.i/

]]> https://en.ata.gov.al/2021/08/17/boa-household-consumption-increases-in-second-quarter-of-this-year/feed/ 0 Public investment expenditures increased by 33% in second quarter of 2021 https://en.ata.gov.al/2021/08/13/public-investment-expenditures-increased-by-33-in-second-quarter-of-2021/ https://en.ata.gov.al/2021/08/13/public-investment-expenditures-increased-by-33-in-second-quarter-of-2021/#respond Fri, 13 Aug 2021 11:14:51 +0000 http://en.ata.gov.al/?p=157872 TIRANA, Aug 13/ATA/ According to the Bank of Albania-BoA, in the second quarter of this year expenditures are estimated at ALL 145.2 billion, or about 14.5% higher than the same quarter a year earlier.

Referring to the monetary policy report recently published by the BoA, the increase in expenditures was supported by all expenditure items, offsetting the negative effect of 9 percentage points from direct transfers made a year ago.

The main weight in the increase of expenditures in the second quarter of 2021, was carried by the expenditures on investments and reconstruction fund expenditures as well as on the health system.

According to the report, public investment expenditures in the second quarter of this year are estimated at ALL 22.4 billion, or about 33% higher in annual terms.

In the first half of this year, budget expenditures reached about ALL 263.4 billion, or 12.7% higher in annual terms. //a.i/

]]> https://en.ata.gov.al/2021/08/13/public-investment-expenditures-increased-by-33-in-second-quarter-of-2021/feed/ 0 MFE: Budget revenues increased by ALL 19 billion https://en.ata.gov.al/2021/05/17/mfe-budget-revenues-increased-by-all-19-billion/ https://en.ata.gov.al/2021/05/17/mfe-budget-revenues-increased-by-all-19-billion/#respond Mon, 17 May 2021 17:45:00 +0000 http://en.ata.gov.al/?p=147010 TIRANA, May 17/ATA/ The Albania’s Minister of Finance and Economy (MFE), Anila Denaj announced on Monday that, the fiscal indicators of the first 4 months of 2021, show that the Albanian economy is performing positively.

“We continue to be engaged in the implementation of the plan of revenues and expenditures of 5 billion more in the state budget,” Minister Denaj said.

According to Denaj, the preliminary performance of consolidated fiscal indicators during the 4-month period (January – April 2021) reflects the performance of revenue collection and expenditure during the pandemic period and fiscal facilities in postponing collection or abolition of some taxes.

According to statistics, in the 4-month period of 2021, total revenues were realized at the rate of 103% of the 4-month plan.

While the general public expenditures, in the first 4 months of 2021 were realized in the amount of 99% of the plan.

In line with budget forecasts and macroeconomic indicators, the deficit level in the fourth month of 2021 amounted to about ALL 14.6 billion.

Total revenues during the 4-month period of 2021 were realized in the amount of ALL 152 billion or 103% of the 4-month plan.

Compared to a year ago, revenues have increased to ALL 19 billion. //a.i/

]]> https://en.ata.gov.al/2021/05/17/mfe-budget-revenues-increased-by-all-19-billion/feed/ 0 Pandemic recovery and post-earthquake reconstruction/ Total public expenditures increased by almost ALL 45 billion https://en.ata.gov.al/2021/02/11/pandemic-recovery-and-post-earthquake-reconstruction-total-public-expenditures-increased-by-almost-all-45-billion/ https://en.ata.gov.al/2021/02/11/pandemic-recovery-and-post-earthquake-reconstruction-total-public-expenditures-increased-by-almost-all-45-billion/#respond Thu, 11 Feb 2021 21:02:02 +0000 http://en.ata.gov.al/?p=133671 TIRANA, February 11/ATA/- According to Albania’s Ministry of Finance and Economy (MFE), the general public expenditures in the 12-month period of 2020 reached ALL 536.3 billion or 97.6% of the annual plan, according to the initial budget, and 92.5% of the annual plan according to the Normative Act.

“Compared to the same period of 2019, total public expenditures were 9% higher or about ALL 44.4 billion more,” ministry stressed.

The Ministry of Finance and Economy reported that, the increase in capital expenditures aimed at motivating economic development and advancing the reforms launched and in terms of infrastructure projects in order to recover from COVID-19 and rebuild the country hit by earthquake.

The current expenditures are reckoned at 94.5% of the annual plan according to the initial budget and 95.3 % of the annual plan according to Normative Act no.34.

The capital expenditures are reckoned at 104.3% of the annual plan according to the initial budget and 95.3% of the annual plan according to Normative Act no.34.

The pre-crisis objective of the government was fiscal consolidation. But the pandemic situation has forced all countries, not just Albania to increase the level of public debt. The government launched aid packages to businesses and individuals who were affected in their work due to the pandemic, to minimize impact of the difficult situation on them. At the same time, the government increased spending on the health sector, as well as doubled economic aid and unemployment benefits. //a.i/

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