Public investments for 2016, ALL 92 billion

Tirana, November 19, 2015

Based on the draft budget for 2016, the public investments are planned at an amount of ALL 92 billion, equal to 6% of the Gross Domestic Product, says the Ministry of Finances. This includes the Regional Development Fund, estimated at an amount of ALL 10.05 billion and the budgetary support for the energy sector at an amount of ALL 5 billion.

Based on the relation which accompanies the draft budget for 2016, during the compilation expenses for public investments, experts have taken into consideration the contractual liabilities for investment projects financed by domestic and foreign companies, inherited before 2013.

Experts say that public investment executors will have as priority the implementation and the finalization of undergoing projects, rather starting to implement new investments. Another priority will be the reduction of contractual liabilities for undergoing projects, says the relation. While compiling the draft budget for public investments, experts have been focused on several criteria as the priorities of Albania related to EU integration, the government’s priorities for 2013-2017, ect.

These public investments will be financed by domestic sources at an amount of ALL 30.9 billion and by foreign sources at an amount of 28.4 billion.

News source/photo credits: ATA