The Albanian Assembly has approved the draft budget for 2025, with a vote tally of 75 in favor and 24 against. This budget, set at 822.7 billion lek, is notably twice as large as that of 2013. The anticipated total revenue for the year is projected at 754.6 billion lek.
The 2025 budget is designed to achieve two primary goals: promoting sustainable economic growth and job creation while ensuring fiscal consolidation to decrease public debt and uphold positive macroeconomic and fiscal indicators.
Key sectors earmarked for support include education, healthcare, infrastructure, digital services, and agriculture. Notably, the budget will allocate resources to the European Union Growth Plan for the Western Balkans, recognized as a vital tool for enhancing the economic and social development of the country.
The budget outlines approximately 162 billion lek for public investments, equating to about 6.2% of GDP, which is intended to further bolster the tourism, agriculture, and infrastructure sectors.
Additionally, the government aims to achieve a positive primary balance and a reduction in public debt as a percentage of GDP. For the upcoming year, the target for the debt level is set at 55.8% of GDP, down from the 56.3% anticipated by the end of 2024.
Maintaining a sustainable ratio between total net borrowing and the capital expenditures of the central government remains a critical focus for the administration.
While the budget includes provisions for indexing and bonuses for retirees, it does not account for salary increases. (December 4)
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