Ministry of Finances: Consumption and FDIs increased during 2014

The Ministry of Finances press office has announced that the factual budget for 2014 will be revealed by the institution in a short time. Experts of finances have compiled the report which will show the real figures of the country’s economic situation for 2014.

The report shows in which sectors the economy increased and which were the factors that influenced in the increase of exports/imports and in the increase of deficit. According to official sources, the incomes to the state budget for 2014 reached the value of ALL 366.7 billon, increasing by 12.1% comparing to the state incomes in 2013 and 26% in terms of GDP. Country’s economy showed signs of revival during the past year, according to the Ministry, given that even the Added Value of the economy increased by 1.89% in 2014, compared to 2013.

One of the main factors that has affected in the economic growth during 2014 is the increase of revenues by the Tax Administration and the Albanian Customs. Revenues collected by the Tax Administration reached the amount of ALL 253.4 billion, more than 10% compared to 2013, while revenues allocated by the Albanian Customs reached the amount of ALL 150.7 billion, increasing by 8% compared to 2013.

Revenues to the state budget increased also by incomes of the local government units which increased by 15%, incomes from the special funds which had an annual increase of 16.5%, non tax incomes, ect.  The increase of consumption level has come as a consequence of the improvement of the business climate in the country and the increase of FDIs.

News source/photo credits: ATA