The 2022 State Budget will amount to $5.2 billion US dollars, which represents a 10.6% rise compared to last year. Meanwhile, spending will also go up and reach $6.2 billion US dollars. Based on these margins, experts expect the deficit to reach $1 billion US dollars, or 5.4% of the national GDP.
The source of this revenue markup will be economic recovery, a rise in imports and the fight against informalities. The Government is also expecting the economic growth in the upcoming year, to reach 4.1%.
In the budget draft, presented by the minister of finances and economy, Delinda Ibrahimaj, public debt is thought to reach $14.1 billion dollars, which would mean that it would go down by 1.1 percentage points (from the current 80% to 78.9%).
The budget also includes a designated fund that will serve to help increase wages in several sectors – like healthcare and education – and it will become active in the month of July.
Meanwhile, there is a total of around $190 million dollars in the reconstruction fund that hasn’t been used and will now be allocated to finance projects that have been sitting at a standstill through the years.
In addition, another 330 employees will join the public administration sector as civil servants.
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