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Albania's Jan-May budget surplus falls on higher expenditures - table

Albania's Jan-May budget surplus falls on higher expenditures - table Author: Ministry of Finance of Albania. Licence: All rights reserved.

TIRANA (Albania), June 19 (SeeNews) - Albania posted a budget surplus of 6.3 billion leks ($53 million/47.5 million euro) in the first five months of 2017, compared to a surplus of 18.3 billion leks a year earlier, according to preliminary data released by the finance ministry.

The decline resulted from a 16.4% increase in total expenditures to 170 billion leks, as both current and capital expenditures rose, the data showed.

Total budget revenue grew 7.3% to 176.3 billion leks.

Albania recorded a budget deficit of 26.7 billion leks last year, lower than planned 35.7 billion leks shortfall.

Details follow (in billions of leks):

  5-mo'17 Full-yr plan 5-mo'16
Deficit/Surplus 6.3 -31.2 18.3
Total revenue 176.3 436.4 164.3
- tax revenue 163.4 398.2 150.2
- non-tax revenue 10.5 24.4 10.3
- grants 2.3 13.8 3.9
Total expenditure 170 467.6 146
- current expenditure 147.1 390.2 131.6
- capital expenditure 22.1 74.4 12.9

(1 euro = 133.018 euro)

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