“Compared to a year ago, revenues declined to ALL 34.7 billion due to the pandemic. Revenues in tax collections were estimated at 372 billion ALL, 27 billion less or -6.8% compared to 2019, and 10.8 billion or 2.8% less than the annual plan for 2020 according to AN no.28,” Ministry of Finance and Economy said.

According to the ministry, 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 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 Ministry of Finance and Economy stated that, “the level of deficit in the 12- month period of 2020 is estimated at ALL 110.67 billion, down from the planned level of ALL 132.96 billion.” //a.i/