Finance Minister Iron Murati has introduced Projectbudget for 2027, which envisions an estimated 4 billion and 268.7m euros worth of expenses, while the budget deficit is planned to be at two percent of Bruto Product ( BPV).
During the presentation on the Commission for Board, Murati said the draft budget was designed based on expectations for economic growth and growth of budget revenues.
According to divisions presented by the minister, 1 billion of the 84.9m euros — for goods and services of 588m euros — were earmarked for subsidies and transfers of 1 billion and 446m euros, while for capital investments of 1 billion and 70m euros.
Murati also indicated that by 2027 there will no longer be specific clauses for capital investments, as their financing will be included within the deficit fiscal rule of two percent.
However, draft budget was accompanied by criticism by Kosovo Democratic Party MP ( PDK), Mergim Lushtaku, who raised concerns about realising capital investments.
Lushtaku referred to the GAP Institute report, under which more than one billion euros of investments planned for the period 2021-2024 have not been spent. He also criticised delays in the distribution of subsidies to farmers, planned projects without budget cuts, and new projects that, according to him, have initial separation of only one million euros.
In response to the criticism, Murati said that the complete non-realisation of capital investments is a problem inherited over the years. He attributed the matter to the implementing capacities of ministries and municipalities, as well as procedures that, according to him, often take a long time.
The minister claimed that in this direction there is improvement of the train, while talking about inflation, said increasing the cost of living is a challenge for other countries as well. As factors that have affected this situation, he cited war in Ukraine and conflict in the Persian Gulf.
Meanwhile, according to statistics published by the Kosovo Statistics Agency for October, annual inflation has reached 7.1 percent.
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Source Layer: Signal