Budget Revenues and Expenses Upward
Albanian Daily News
Published August 20, 2017
Albanian state budget revenue collections amounted to Lek 248,340 million in the first seven months of 2017 or Lek 15,138 million more than during the same period of the previous year.
Revenues from the tax and customs departments (including the contributions collected by the general tax directorate) for the seven month period were realized at the value of Lek 168.3 billion while the revenues from taxes were realized at the value of Lek 230.3 billion.
Experts said that the data showed a financial stability during this period although it corresponded to the electoral period as well as the conclusion of the agreement that the Albanian government had with the International Monetary Fund (IMF).
According to the Ministry of Finance in its financial indicators for the first seven months of 2017, the biggest revenue sources were the value added tax, national taxes and excise revenues.
Ministry of Finance said that budget expenditures in seven months of 2017 amounted to around Lek 245,446 million or Lek 30,678 million more than during the same period of 2016.
According to Ministry of Finance data, the state budge registered a surplus of Lek 2,894 million in the first seven months.
Capital expenditures amounted to Lek 29 billion, up 35% on the previous year, but they were Lek 6 billion less than the plan envisaged at the beginning of the year. From the year to year, the capital expenditures’ plan is not realized, which means less money thrown into the economy for roads, hospitals, schools, etc.