Each baby that will be born during the next year will receive from the government 40,000 lek, but on the other hand will be burdened with a debt of almost 527,000 lek. The same applies to an elderly person, who receives an average of 17,300 lek in monthly pension payment and will carry the burden of debts received from the government until the end of his life.
According to the forecasts of the Ministry of Finance and Economy, compared to this year, during 2024 the debt per capita will increase by 137 ALL.
"Currently, we inherit a painful history from earlier in the years of the momentum of borrowing in 2017, 2018 and 2020, and this was money that entered the economy and had no impact. We are paying their costs", says Pano Soko.
After the earthquake we can say that it was justified a little because of the reconstruction.
"The figure mentioned to you, the figure of 530,000 lek, should be seen if it was used in projects that produce their own money or if we made grapes and plums in projects that were stolen, or non-visible projects", added Soko.
Debt per capita, which is calculated from the ratio of the stock of public debt to the number of the population, has doubled in the last decade.
For 2024, specifically, the stock of public debt is expected to reach 1 trillion 454 billion 516 million ALL, or in other words 377 million ALL more than in 2023. As the purpose of borrowing is for more goods and investments for citizens, according to experts, the Albanian public debt has been wasted.
"Our budgetary economy is suffering because we took inefficient debt in 2017, 18, 19, which we are now forced to put on the state books. And if we look at the repayments from the 400 million dollars that we had, today we are talking about 800 million dollars from the beginning of the year that go for this from the pockets of the Albanians", says the expert.
After 600 million euros in June of this year, Albania can receive a new eurobond next year. The Minister of Finance and Economy, Ervin Mete, explained to the Commission for Economy and Finance that a part of the money will go to pay the interest on the loans taken several times, while the rest will be used to fill the budget deficit. (A2 Televizion)
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