The state plans to borrow about 500 million euros in 2022 to cover the planned deficit in the Budget for 2022. According to Finance Minister Fatmir Besimi, that money will be spent mainly on capital investments. Public debt will reach 65.9% of GDP next year. Minister Besimi expects the draft-Budget to be timely adopted despite the political crisis in the country.
“The Government adopted the draft-Budget in time and the document has been forwarded to the Parliament, so I see no reason why it would not be passed. The largest opposition party has also announced it would review the document,” Besimi told a press conference.
Total expenditures are projected at Mden 272,4 billion (EUR 3,89 billion), while revenues at Mden 238,9 billion (EUR 4,4 billion). The deficit stands at Mden 33,5 billion (EUR 545 million). Total revenues are 7.4-percent higher compared to 2021, while expenditures are up by only 1.4 percent compared to last year. There are cuts in unproductive expenditures, such as the six-percent reduction in the section of goods and services.