Albania budget gap narrows in 2021

World

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.

ADVERTISEMENT

Hungary Gets Exemption From Price Cap on Russian Crude Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Used Car Imports Show Double-digit Decline Automotive

Used Car Imports Show Double-digit Decline

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.