BREAKING NEWS

The organizing group of the arms business in Gërdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
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BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
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BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
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BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
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BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
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BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
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BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
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BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
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Ekonomia

Public debt stock figures are revealed, every Albanian citizen owes 4,099 Euros for state obligations

Public debt stock figures are revealed, every Albanian citizen owes 4,099 Euros

Statistics and expectations for public debt are clarified. According to the data of "Open Data Albania" which is researching on the performance of the public debt stock in Albania, for 2022, the public debt stock is planned to increase by 6 percent compared to the public debt stock planned for 2021 This means a cost per capita of about 496,040 ALL or about 4,099 Euros per inhabitant. Thus, compared to 2017, an Albanian citizen is expected to pay about 117,343 ALL more, with a per capita cost increase of 31 percent for this five-year period. Meanwhile, for the first 9 months of 2021, the actual public debt is estimated at 1.28 billion ALL (about 10.7 billion Euros) or 76.2 percent of Gross Domestic Product (GDP). At face value, only for the period January-September 2021, The public debt stock has increased by ALL 57.9 billion compared to the total public debt stock of the whole of 2020. Regarding 2020, by the end of this year, the public debt is estimated at ALL 1.22 billion or as much. 77.9 percent of GDP. At the end of 2020, there is an increase of ALL 111.6 billion or 10 percent more compared to 2019.

Borrowing has increased public debt

Meanwhile, the increase in the public debt stock since 2019 has come as a result of the increase in government borrowing due to the deepening of the deficit due to low revenue realization and increased expenditures during 2020, the needs of reconstruction from the earthquake November, the situation created by the Covid-19 pandemic. The actual budget report 2020 presents the following values ??concretely: Realization of revenues for 2020 was 425.9 billion ALL, about 34.4 billion ALL or 7.5 percent less than 2019. While the realization of expenditures during 2020 marked 536.2 billion ALL , are ALL 44.3 billion about 9 percent more than in 2019. Reconstruction Fund 2020 planned in the amount of ALL 32 billion, of which ALL 29 billion are state budget expenditures and ALL 3 billion are grants. The fund of anticovid measures taken 19 with a total of ALL 42.6 billion, divided into budget funds (anticovid social packages, vaccines, other emergencies under Covid 19) total ALL 16.6 billion and 2 sovereign guarantees of ALL 26 billion. The Eurobond issue in June 2020 (worth 650 million Euros, with a maturity of 7 years and an interest rate of 3.5 percent), has marked an increase in public debt. The Ministry of Finance and Economy in November 2021, has announced the issuance of another Eurobond in international markets in the amount of 650 million Euros. Since 2012, there is an increase in public debt as a percentage of GDP, above the level of 60 percent which is one of the criteria of international institutions. Compared to the region, Albania ranks second with the highest public debt as a percentage of GDP for 2020, after Montenegro which marks the value of 90.7 percent of GDP. The country with the lowest level of public debt to GDP is Kosovo with 22.4 percent of GDP for 2020.