Budget revenues represents a country’s revenues from taxes for realizing investments and expenditures by public institutions. The difference between expenditures and revenue makes the budget deficit. In the case of Albania, the budget revenues for 2009 were about 299 billion Albanian Lek (ALL) or 26% of GDP. Compared with the region countries, Albania is ranked as follows: IMF estimatesSource: International Monetary Fund (IMF)Comments and Analysis:…
Budget Expenditures in Albania compared with regional countries
Budget expenditures represent investments and expenditures incurred by public institutions using revenues. The difference between expenditures and revenue makes the budget deficit. In the case of Albania, budget expenditures for 2009 were about 379 billion Albanian Lek (ALL) or 33% of GDP. Compared with the region countries, Albania is ranked as follows: Source: FMNComments and Analysis: ODA As can be seen from the graph, Albania’s…
Savings –Lending Companies in Albania
Savings –Lending Companies are financial institutions which accept deposits only from their members, and lend these funds to make a profit. They are subject to licensing and supervision requirements and are part of the union of savings-lending which are required to report to the Bank of Albania their financial situation and supervision compliance on an individual basis as well as on a condensed basis for…
Stock of Public Debt of Albania
Debt stock of a country is total public debt issued domestically and abroad and has not yet been repaid. Open Data Albania, has conducted a research, based on data from the Bank of Albania, Ministry of Finance and International Monetary Fund (IMF) regarding the progress of the debt stock of the Albanian state over the years. The data are cumulative, so the stock of debt…