Albania budget gap narrows in 2021
Photo by Zysko Sergii/Shutterstock.com
Albania's consolidated budget was in deficit of ALL 85.8 billion (USD 796 billion) in 2021, lower than the budget gap of ALL 110.6 billion recorded in the previous year and the 2021 budget estimate, preliminary figures showed.
Consolidated budget revenue increased by 19.9% in 2021, reaching ALL 510 billion, while expenditures rose by 11.1% to ALL 596 billion, the country's Finance Ministry announced.
Total tax revenue increased by an annual 19.3% to ALL 475.6 billion, as value-added tax (VAT) proceeds rose by 23.9% to ALL 161.5 billion.
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