The increase in the income level and the surplus have made the Albanian economy perform positively. The state budget collected 647 billion ALL in the first 11 months of the year, with an increase of 60.5 billion ALL compared to the same period of 2023.
The Ministry of Finance declares that it is the revenues collected from customs and taxes that have given the highest contribution. Revenues from net VAT in the country, profit tax, personal income tax, national taxes for the 11th month of 2024, were realized in the amount of 207.5 billion ALL, 3.4 billion ALL above the plan.
"The personal income tax has increased by ALL 7.2 billion compared to last year due to the increase in salaries in the public administration. While income from social and health insurance again results in a significant increase of 15% compared to 2023. In this item, the reform of salary increase and anti-informality has had an impact", Ministry of Finance.
As for customs revenues, they were realized in the amount of 209 billion ALL, 11.5 billion ALL or 5.8% more than the 11th month of 2023. It is VAT on import and Excise, the sectors that contributed to this increase compared to last year , against revenue from mining rents and customs taxes.
On the other hand, expenses, although they increased by 4.8%, show a decrease in the momentum of realization compared to 2023. In 11 months, they reached 575.3 billion ALL, but with a lower realization of the plan than a year ago.
"General expenses for the 11th month of 2024 were realized to the extent of 78% of the annual plan according to the initial budget and 74.6% of the annual plan."
With all the expenses realized, the revenues at record levels have made the country's economy close the balance of the 10 months of the year in a positive way with almost 72 billion ALL saved. (A2 Televizion)
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