TIRANA (Albania), December 3 (SeeNews) – Albania's parliament said on Monday it endorsed the 2019 draft budget which is built on projections for economic growth of up to 4.3% and targets a deficit of 1.9% of the planned gross domestic product (GDP).
The budget, approved in a 76-0 vote with no abstentions in the 140-seat parliament, envisages revenues of 486.5 billion leks ($443 million/339 million euro) and expenditures of 519.4 billion leks.
In comparison, Albania's 2018 revised budget envisages revenues of 464.3 billion leks and expenditures of 496.7 billion leks, resulting in a deficit equivalent to 2% of the planned GDP.
The government plans to cut public debt-to-GDP ratio to 64.9% in 2019 from around 66% expected this year.
The budget also plans public investment at the equivalent of 5% of GDP.
(1 euro = 123.723 leks)