BREAKING NEWS

Here are the families that control the media and make bargains with the government in Albania, "Freedom House" gives the alarm, the presence of corruption, Berisha's continuous attempts to destabilize the country and sabotage the disturbing SPAK, the r...

Here are the families that control the media and make bargains with the
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BREAKING NEWS

Bardhyl Reso's "bombshell": Edi Rama has a file in the USA, in 2025 he will no longer be prime minister and the socialists won with votes, this is the danger that awaits him

Bardhyl Reso's "bombshell": Edi Rama has a file in the USA, in
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BREAKING NEWS

Monika Kryemadhi explodes against Ilir Meta, hints that she is becoming his "victim", the couple is in deep crisis after sinking from SPAK

Monika Kryemadhi explodes against Ilir Meta, hints that she is becoming his
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BREAKING NEWS

Here is the suspicious movement of money between Monika Kryemadhi and her mother who set SPAK in motion, the entire source of the fabulous wealth of the "Meta" family lies in the donation of 500 m2 of land and the saving of 5 million lek, their palace ...

Here is the suspicious movement of money between Monika Kryemadhi and her mother
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BREAKING NEWS

The "kamikazes" of Berisha and Meta set fire to the Municipality of Tirana, the gang leader Argita Malltezi, the son of Fahri Balli, Tedi Blushi and the "socialist" Belind Kelliçi, this is what happened in the protest against Erion Veliaj

The "kamikazes" of Berisha and Meta set fire to the Municipality of
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BREAKING NEWS

The troubles for Sali Berisha have just started, here's how all the courts closed their doors and left him in isolation, about to open other files from SPAK for murder, property robbery and theft

The troubles for Sali Berisha have just started, here's how all the courts
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BREAKING NEWS

Edi Rama ignores the decision of the Constitutional Court for Olta Xhaçka, the SP rejects the opposition's request, the socialist MP defends her husband as a strategic investor, debates and accusations between the parties

Edi Rama ignores the decision of the Constitutional Court for Olta
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BREAKING NEWS

Rama's scenario for the rehabilitation of "non-women" continues, Bardhi demands the inclusion of Sali Berisha in the PD group, the USA kicked her out the door, the prime minister puts her in through the window

Rama's scenario for the rehabilitation of "non-women" continues,
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Ekonomia

Budget revenues in 2023, in relation to GDP, increased with the "help" of subsidies

Budget revenues in 2023, in relation to GDP, increased with the "help"

The country's economy has accelerated growth rates after the pandemic, but the capacities for collecting budget revenues are not moving at the same pace. Official data from the Finances show that in 2023 revenues in relation to GDP reached 27.8% of GDP, an increase of 1 percentage point compared to 2022, but almost all of the increase came from foreign aid and insurance contributions, while revenues from taxes and customs in relation to GDP remained unchanged.

Despite the contribution that aid had, budget revenues in relation to GDP, after several years of decline, reached the level of 2017. Income from foreign aid in the form of budget support reached 22.2 billion ALL in 2023, equivalent to 1% of GDP this year. This item in relation to our GDP was at the highest level since 2016. On the other hand, tax revenues reached 25.9% of GDP with an annual increase of 0.7 percentage points, influenced by the good performance of contributions , as a result of the salary increase

Revenues from taxes and customs in relation to GDP remained unchanged, only 18.3 percent. On the other hand, the growth rates of the economy after the pandemic have accelerated. In 2021 GDP increased by 8.9%, in 2022 by 4.9%, and this year expectations are at 3.5%. The GDP results show that in the 9th month of 2023 the economy grew by 3.2%. Before the pandemic in 2018-2019 the economy expanded by an average of 3% per year.

As the economy has accelerated its growth rates, tax revenue collections have not followed the same trajectory, which in relation to GDP have remained stagnant. So the income from taxes and customs in relation to the GDP was 18.3%, the lower level than the 19% result of 2008, a record in the history of the transition.

Inflation and Albania's economy are growing at faster rates than the last decade, but the country has fallen into the trap of informality as budget revenues compared to the Gross Domestic Product are expected to decline in the medium-term period 2024-2027 according to forecasts in Medium-Term Economic and Fiscal Framework.

The Ministry of Finance predicts that the country's economy will grow by approximately 4% in the period 2025-2027, while inflation is expected to be at least 3 percent. But on the other hand, income in relation to GDP is expected to come down. Finance expects budget revenues to reach 28 percent of GDP this year, but they are not expected to be more than 27.8 percent of GDP in 2027./Monitor

Source: Ministry of Finance

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