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)