In their 9th year in power, the Rama administration continues to use 2013, as a point of reference, when boasting about their achievements. Similarly, this is how Taulant Balla dodges a question about the state budget:
“Numbers are stubborn. The 2022 State Budget is double the size of the one in 2013,” – said the head of SP’s parliamentary group.
The revenue from the 2013 budget, when the Berisha administration gave way to their successors, was €2.9 billion euros and it’s been gradually going up each year.
However, as soon as they won their third mandate, the Rama-led government declared the need to take a foreign loan, asking for a Eurobond valued at €700 million euros.
This need came at a time when the public debt has reached a level of a staggering 80% of the national GDP or €11.6 billion euros.
Comparatively, in 2013, the public debt was €7.2 billion euros.
In other words, an Albanian citizen today has to carry a much heavier burden compared to 2013. An average family of four has €16,464 euros in debt weighing down on their shoulders, compared to €9,976 euros, nine years ago.
The deficit has also crossed all thinkable bounds, becoming twice as high as in 2013.
The difference between revenue and spending today is 5.4% of our Gross Domestic Product (GDP).
YOU MIGHT ALSO LIKE
