August 17 (SeeNews) - Albania posted a budget surplus of 17.7 billion leks ($146.6 million/130.1 million euro) for the first seven months of 2016, compared to a deficit of 16.4 billion leks a year ago, provisional data from the country's finance ministry showed.
The improvement is mainly driven by higher tax revenues, the data indicated.
Total revenue rose 7.4% year-on-year to 232.2 billion leks in January-July, while total expenditure shrank 7.8% to 214.4 billion leks.
Following are further details (in billion leks, unless mentioned otherwise):
| |
Jan-July'16 |
Full-yr plan |
% of full-yr plan |
Jan-July'15 |
| Deficit/Surplus |
17.7 |
-34.4 |
n.a. |
-16.4 |
| Total revenue |
232.2 |
418.9 |
55% |
216.2 |
| -tax revenue |
213.3 |
377.2 |
57% |
192.7 |
| -non-tax revenue |
14.7 |
28.7 |
51% |
18.4 |
| -grants |
4.2 |
13 |
32% |
5.1 |
| Total expenditure |
214.4 |
453.3 |
47% |
232.6 |
| -current expenditure |
192.1 |
385.3 |
50% |
193.3 |
| -capital expenditure |
22.3 |
60 |
37% |
25.5 |
| -arrears |
- |
- |
- |
13.8 |
source: finance ministry
($=120.748 leks)