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Ekonomia

IMF raises suspicions of abuse of earthquake and pandemic funds, demands transparency from government

IMF raises suspicions of abuse of earthquake and pandemic funds, demands

The use of public funds to deal with natural disasters, such as the November 26, 2019 earthquake and the Covid-19 pandemic has been done in complete lack of transparency. In connection with these, suspicions have been raised that there have been abuses of funds for the earthquake and pandemic management. A mission of the International Monetary Fund, inspected the economic developments in the country last week and finally issued a statement, in which it was stated that the Albanian government has not been transparent about the use of public funds for the management of these disasters. The Fund also encouraged KLSH to complete and publish audit reports on pandemic management and reconstruction project. "Measures are needed to increase transparency and accountability regarding expenditures incurred through emergency procedures. These measures should be implemented as soon as possible, and the use of reconstruction funds should be subject to standard public financial management controls. We welcome the forthcoming publication of the audit report of the Supreme State Audit for the expenses related to the earthquake and the pandemic in 2020 ", suggested the Fund. Meanwhile, the earthquake aftermath reconstruction project is the largest fiscal commitment in recent years from public funds. During this year, about 28 billion ALL have been made available, about 240 million euros from the state budget, but the reconstruction process is taking place with a complete lack of transparency, while the contractors of the works have been selected through negotiation. as well as the use of reconstruction funds should be subject to standard public financial management controls. We welcome the forthcoming publication of the audit report of the Supreme State Audit for the expenses related to the earthquake and the pandemic in 2020 ", suggested the Fund. Meanwhile, the earthquake aftermath reconstruction project is the largest fiscal commitment in recent years from public funds. During this year, about 28 billion ALL have been made available, about 240 million euros from the state budget, but the reconstruction process is taking place with a complete lack of transparency, while the contractors of the works have been selected through negotiation. as well as the use of reconstruction funds should be subject to standard public financial management controls. We welcome the forthcoming publication of the audit report of the Supreme State Audit for the expenses related to the earthquake and the pandemic in 2020 ", suggested the Fund. Meanwhile, the earthquake aftermath reconstruction project is the largest fiscal commitment in recent years from public funds. During this year, about 28 billion ALL have been made available, about 240 million euros from the state budget, but the reconstruction process is taking place with a complete lack of transparency, while the contractors of the works have been selected through negotiation. the earthquake aftermath reconstruction project is the largest fiscal commitment in recent years from public funds. During this year, about 28 billion ALL have been made available, about 240 million euros from the state budget, but the reconstruction process is taking place with a complete lack of transparency, while the contractors of the works have been selected through negotiation. the earthquake aftermath reconstruction project is the largest fiscal commitment in recent years from public funds. During this year, about 28 billion ALL have been made available, about 240 million euros from the state budget, but the reconstruction process is taking place with a complete lack of transparency, while the contractors of the works have been selected through negotiation.

Allocation of funds by the government

Meanwhile, in the last two years, through the state budget, the government has offered a significant package for the reconstruction of the consequences of the earthquake of November 26, 2019, but the allocation of funds has been lukewarm and far from planning as last year and this year . According to official data from the Ministry of Finance, during the first eight months of 2021, the funds opened for reconstruction were ALL 15.7 billion, or 53% of the annual plan of ALL 28 billion, below the plan for the period of ALL 18 billion. The monthly allocations of 2021 show that, of the funds spent in the 8-month period for the repair of the earthquake consequences, 26% (ALL 3.9 billion) were used in April on the eve of the general parliamentary elections. Last year, the government planned to invest 28 billion ALL in the reconstruction program, but in reality just over $ 16 billion was spent, or about 60% of the annual plan. Unlike other items of expenditure, reconstruction funds will be carried year after year into successive budgets until all planned investments have been made. Most large projects are being built with donations, as the government has increased public debt precisely to fund the program. The total reconstruction fund lacks transparency on how much funding is from donors and how much from internal budgetary resources. Among the biggest projects are the construction of 524 apartments in Kurbin by the Turkish government, the construction of 2000 apartments in Durres by the United Arab Emirates, the construction of 22 schools in the first phase and about 40 in the second phase by the European Commission. Unlike other items of expenditure, reconstruction funds will be carried year after year into successive budgets until all planned investments have been made. Most large projects are being built with donations, as the government has increased public debt precisely to fund the program. The total reconstruction fund lacks transparency on how much funding is from donors and how much from internal budgetary resources. Among the biggest projects are the construction of 524 apartments in Kurbin by the Turkish government, the construction of 2000 apartments in Durres by the United Arab Emirates, the construction of 22 schools in the first phase and about 40 in the second phase by the European Commission. Unlike other items of expenditure, reconstruction funds will be carried year after year into successive budgets until all planned investments have been made. Most large projects are being built with donations, as the government has increased public debt precisely to fund the program. The total reconstruction fund lacks transparency on how much funding is from donors and how much from internal budget sources. Among the biggest projects are the construction of 524 apartments in Kurbin by the Turkish government, the construction of 2000 apartments in Durres by the United Arab Emirates, the construction of 22 schools in the first phase and about 40 in the second phase by the European Commission. Most large projects are being built with donations, as the government has increased public debt precisely to fund the program. The total reconstruction fund lacks transparency on how much funding is from donors and how much from internal budget sources. Among the biggest projects are the construction of 524 apartments in Kurbin by the Turkish government, the construction of 2000 apartments in Durres by the United Arab Emirates, the construction of 22 schools in the first phase and about 40 in the second phase by the European Commission. Most large projects are being built with donations, as the government has increased public debt precisely to fund the program. The total reconstruction fund lacks transparency on how much funding is from donors and how much from internal budgetary resources. Among the biggest projects are the construction of 524 apartments in Kurbin by the Turkish government, the construction of 2000 apartments in Durres by the United Arab Emirates, the construction of 22 schools in the first phase and about 40 in the second phase by the European Commission.

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