Debt taken from one state to finance a part of its expenditures, whether current or capital expenditures is associated with the obligation to pay the interest, which is often known as the cost of debt. Cost of public debt is one of the most financed functions from the state budget and for that reason the attention to this indicator is increasing continuously. A very important…
The amount of public debt per capita during 2000-2012
Debt per capita is an indicator that is calculated as the ratio of total public debt issued domestically and abroad (which has not yet been paid) by the population of that country. It serves to identify the amount of public debt that belongs to every citizen and is considered one of the key indicators that reflect a country’s ability to continue to pay the debt…
Economic damages and its structure during 2005-2010
Open Data Albania has conducted an analysis on the value of economic damages for the period of 2005-2010. The total amount of economic damages is 31,402,373,000 Albanian Lek. Source: Supreme State Audit (SSA)Comments and Analysis: Open Data Albania (ODA) The behaviour of economic damages appears erratic. The highest value of economic damages was in 2009 reaching the level of 7,305,656,000 Albanian Lek, followed by the…
Economic damages in the tax sector during 2005-2010
Economic damages in the tax sector is mainly caused as a result of violation of tax and fiscal legislation. Financial discipline violations were noted as deviations in the declaration of value added taxes (VAT) and income taxes; introducing several unknown cost in the balance sheet for the calculation of corporate taxes, failure to declare and to pay income taxes; failure of payments of income tax…