Besimi: Realization of capital expenditures so far 136% higher than 2022

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Capital expenditures until September 11 were realized in the amount of Mden 26 billion, seeing an increase of 136 percent compared to 2022. Continuous work is underway to increase the amount for capital expenditures in the budget, as well as to improve their realization, due to their multiplier effect in the economy, Finance Minister Fatmir Besimi said.

Besimi told the MRTV national broadcaster that the redistribution of part of the funds from capital expenditures with the Budget reallocation, to increase public sector wages and pensions, comes from projects where the dynamics of realization allows it, as well as that significant savings with the redistribution are also made in terms of the goods and services item.

The Minister noted that several funding mechanisms have been introduced in the past few years to improve the realization of capital expenditures by the institutions. One of them is the KAPEF mechanism, which includes three-month targets, and if the realization fails, the institutions reserve capital funds that they have not used.

The Budget reallocation provides MKD 4.25 billion for public sector employees to receive 10 percent higher paychecks as well as an annual leave allowance of MKD 10,000. Also, further MKD 3.5 billion are allocated for pensions.

 

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