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Dec 24, 2021 13:49 EEST
December 24 (SeeNews) - Albania's consolidated budget was in deficit of 32.2 billion leks ($299.0 billion/264.0 million euro) in the eleven months through November, lower than the budget gap of 72.8 billion leks recorded in the same period of last year, preliminary figures showed.
Consolidated budget revenue increased by 19.6% year-on-year in the January-November period, reaching 458 billion leks, while expenditures rose by 7.6% to 490 billion leks, according to data published on the website of the finance ministry.
Total tax revenue increased by an annual 19.3% to 429.3 billion leks, as value-added tax proceeds rose by 22.7% to 144.3 billion leks.
In the 2021 state budget, the Albanian government has forecast economic growth of 5.5% and budget deficit of 120.5 billion leks, equivalent to 6.9% of the projected GDP.
(1 euro= 119.430 leks)
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