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Ekonomia

Budget change 2024/ More income, pension scheme is improved

Budget change 2024/ More income, pension scheme is improved

The state treasury has collected more money in the first months of this year. As a result of the good performance, the government has revised the 2024 budget by redistributing the funds. The changes have been disclosed in the official notebook and show that the general income has increased by about 11 billion ALL, or about 28.2 percent of the GDP.

The main weight in the increase in income was the increase in contributions to the social security scheme. There are 7.9 billion lek that resulted as a surplus and were collected in the budget in a separate item "Financial Result of ISSH.

This has come as a result of formalization and the increase in social security collections, but also as a result of profit tax and personal income tax.


The increase in the minimum wage from 30,000 ALL to 40,000 ALL also influenced the collection of more money in the pension scheme, a measure that positively affected insurance income.

Salaries also increased at all other levels, both in the private and public sectors. The increase in income is set to go to investments. Based on the normative act, the amount of investments totals 87.5 billion ALL or 3.6% of GDP from 77.3 billion before.

Detailed data of the normative act show that the investments are mainly focused on the construction of roads and also a fund for the construction of the new port in Porto Romano.

The government's focus remains on the continuation of the reduction of the public debt. At the end of 2023, the public debt reached 59.2%.

Revenues in the budget:
They were 676 billion ALL.
They are 686.7 billion ALL

Public investments

It was 77.3 billion ALL.
It is now 87.5 billion ALL.

 

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