Kosovo’s future challenges: Finance Minister Hoti in a SCAN TV exclusive interview
The economic situation in Kosovo and in particular that of the public finances is currently among the best in the Balkan region.
In an exclusive interview for SCAN TV, the former LDK candidate for prime minister, currently interim finance minister of Kosovo, Avdullah Hoti said that the low level of public debt, which is currently 14%, has created stability in public finances, and favors increased public investment.
“The situation in Kosovo today in the Public Finances is significantly better than in all the countries of the region and this in real terms. Our public debt is very low, only 14 percent of the Gross Domestic Product and this encourages us to ask for a new debt to finance capital projects. We have already regulated the issue of public debt through the law. The public finance law stipulates that young public debts can only be created to finance capital projects across various sectors and capital projects should go to a review process to ensure maximum impact on local economic growth employment, and improving the lives of citizens,” Hoti said.
But what are the challenges that Kosovo is slated to face in the future according to Hoti?
“The first thing that the next government should do in my opinion is to continue these reforms, to keep the situation that we have already created and to open new prospects. There are many issues that are not related to the economy, that are political issues, such as the normalization of relations in the region, with Serbia in particular, to promote dialogue and mutual knowledge of the two countries, as well as the political issue of demarcation with Montenegro, and the advancement of the status of Kosovo towards the EU. These are issues that go beyond economic reforms, which I believe should be addressed in the first days of next term,” Hoti said.
Recently, Kosovo held parliamentary elections but the new government is yet to be formed.
But a public finance stability is a good omen to have a good launch of the new country’s governance.
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.