Fiscal consolidation target: Deficit to fall in 2018-2021 period
Fiscal consolidation and the reduction of public debt are considered essential to reduce risks, which impede economic growth in Albania and cause macroeconomic instability.
Thus the fiscal policy for the medium term 2019-2021 will be clearly oriented towards fiscal consolidation while providing an optimal level of investment at about 5 percent of GDP on average.
This is what is emphasized in a document entitled Macroeconomic and Fiscal Framework 2019-2021 already approved by the government.
This fiscal framework targets a general fiscal deficit of 1.7 percent of GDP for 2019, from 2.0 percent programmed for 2018; 1.2 percent of GDP in 2020; and 0.5 percent in 2021.
The government also envisages a positive and growing primary balance for the years 2019-2021, respectively 1% in 2019 from 0.6% targeted in the 2018 budget; 1.5 percent in 2020; and 2.2 percent in 2021.
According to this document, the current balance, that is, the difference between public investment and the annual deficit (borrowing), is seen at high levels and gradually increasing over the medium term.
The current balance in 2019 is forecasted to be 3.3 percent of GDP, just like in 2018; targeted at 3.7 percent in 2020 and 4.3 percent in 2021.
SCAN
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.