In 2015, the public budget was executed at a rate of 92%. In 2015, 381.1 billion ALL were collected, about 33.3 billion less revenues than projected at the beginning of the year.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Tax and customs revenues were hardly realized, where only 92.5% of the initial plan was executed at the beginning of the year. Specifically, revenues from national taxes were realized at a rate of 81%, income tax by 86%, revenues from VAT by only 93%, revenues from customs duties by 96% and revenues from excises were realized by 98%. Profit Tax has exceeded forecasts by 6%.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
The Local Government had also difficulties in the execution of the budget, where only 86.2% of the planned revenues were collected. Local taxes had the lowest performance since only 71% of the planned revenues could be collected. Collection of taxes on immovable property was realized at about 98% of the plan and the collection of taxes on small businesses exceeded the plan by 37%.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Incomes
from special funds were fully executed and they also exceeded the
forecasts by 7%. Greatest weight in this realization rate were
allowances for the owners compensation with a realization rate of 198%.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
Source: Ministry of Finance
Comments and Analysis: Open Data Albania
The third group of the public budget revenues is the non-tax revenues. Total non-tax revenues are realized at a rate of 101%. This high percentage of realization comes from the impact of income transferred by the Bank of Albania. Based on the situation of the Bank of Albania, projections for revenues were too much pessimistic, something that led to an execution rate of these revenues by 1534%. Simultaneously, revenues from budgetary institutions have exceeded the plan by 15%, while other items maintain execution rates between 65 and 75%.
Download excel: Budget Revenue Execution, Public Budget 2015
Comment and Analysis: Open Data Albania
Contributed by Ina Baja