The decline resulted from a 15.5% annual increase in total expenditures to 209.2 billion leks, as both current and capital expenditures rose, the data showed.
Total budget revenue grew 7% to 212.2 billion leks.
Albania recorded a budget deficit of 26.7 billion leks last year, lower than the planned 35.7 billion leks shortfall.
Details follow (in billions of leks):
6-mo'17 | Full-yr plan | 6-mo'16 | |
Deficit/Surplus | 3.046 | -31.2 | 17.251 |
Total revenue | 212.2 | 436.4 | 198.3 |
- tax revenue | 196.2 | 398.2 | 180.7 |
- non-tax revenue | 12.4 | 24.4 | 13.4 |
- grants | 3.5 | 13.8 | 4.1 |
Total expenditure | 209.2 | 467.6 | 181.1 |
- current expenditure | 180.9 | 390.2 | 162.0 |
- capital expenditure | 26.4 | 74.4 | 16.9 |
(1 euro= 132.472 leks)