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Feb 16, 2022 16:34 EEST
February 16 (SeeNews) - Albania's consolidated budget was in deficit of 85.8 billion leks ($796 billion/701 million euro) in 2021, lower than the budget gap of 110.6 billion leks recorded in the previous year and the 2021 budget estimate, preliminary figures showed.
Consolidated budget revenue increased by 19.9% in 2021, reaching 510 billion leks, while expenditures rose by 11.1% to 596 billion leks, according to data published on the website of the finance ministry earlier this week.
Total tax revenue increased by an annual 19.3% to 475.6 billion leks, as value-added tax proceeds rose by 23.9% to 161.5 billion leks.
In the 2021 state budget, the Albanian government projected economic growth of 8.7% and a budget deficit of 120.5 billion leks, equivalent to 6.9% of the projected GDP.
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