Growing debt, alarm for the future – Broka: The recovery of the economy, the only way to prevent the crisis
The Albanian economy has suffered significant damage from COVID-19 and the fiscal deficit created in 4 months due to the drastic decline in revenues and borrowing to pay wages and social security, are negative signals for fiscal sustainability in the country. In an interview with TV SCAN, economist Koço Broka said that if the economy did not open up, this would have major consequences for the pockets of citizens.
On the other hand, Broka suggests that in order to prevent an economic crisis, every sector of the economy should be mobilized as soon as possible. According to him, in advance, attention should be focused on the competitive advantages that the country has.
According to the fiscal indicators of the Ministry of Finance, in the first 4 months of the year in the state coffers were collected 132 million euros less than the same period a year ago, while the deficit reached 126 million euros.
D.B – SCAN
Burimi: Business Insider
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.