May 23 (SeeNews) - Albania posted a budget surplus of 11.6 billion leks ($97 million/86.4 million euro) in the first four months of 2017, compared to a surplus of 15.8 billion leks a year earlier, according to data released by the finance ministry.
The decline resulted from an 11% increase in total expenditures to 128.3 billion leks as both current and capital expenditures rose, the data showed.
Total budget revenue grew 6.6% year-on-year to 139.9 billion leks in January-April.
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):
|
4-mo'17 |
Full-yr plan |
4-mo'16 |
Deficit/Surplus |
11.6 |
-31.2 |
15.8 |
Total revenue |
139.9 |
436.4 |
131.3 |
- tax revenue |
129.9 |
398.2 |
119.6 |
- non-tax revenue |
8.5 |
24.4 |
8.4 |
- grants |
1.6 |
13.8 |
3.3 |
Total expenditure |
128.3 |
467.6 |
115.5 |
- current expenditure |
114 |
390.2 |
104 |
- capital expenditure |
14.5 |
74.4 |
10.6 |
(1 euro = 134.642 leks)