The parliamentary Economy Commission approved during their meeting the new fiscal package articles and the articles of draft budget 2015. The public investments will reach an amount of 5.4% of the GDP for 2015 and this fund is divided in two parts. 67.5 billion ALL will be invested in national projects and the remained amount will be deposited at the Development Regional Fund, administered by the local government.
The total amount of budgetary incomes will be 27.8% of the Gross Domestic Product, equal to 414.4 billion ALL, marking an increase of 49.7 billion ALL in nominal terms, compared to the initial budget of 2014. This increase of taxes comes as a consequence of the war against fiscal evasion and not by the increase of taxes.
The members of the Economy Commission voted against the government’s proposal for the cut of excise on energy drinks. The head of the commission, Erion Brace stated that the excise will be 30ALL per liter. The new fiscal package has amended 18 taxes, by increasing the fiscal burden to $160ml for individuals and businesses.
The new fiscal package and the draft budget 2015 will be applied after being approved by parliament in the upcoming plenary session, on November 27th.
News source/photo credits: ATA
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