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Kosovo 2023 budget gap expands to 65 mln euro

May 9, 2024, 4:50:52 PMArticle by Genta Hodo
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May 9 (SeeNews) - Kosovo’s consolidated budget was in deficit of 64.8 million euro ($70 million) in 2023, the statistical office said.

Kosovo 2023 budget gap expands to 65 mln euro

In 2022, Kosovo recorded a budget gap of 1.4 million euro, local media reported at the time.

Consolidated budget revenue increased by 9% in 2023, reaching 2.86 billion euro, while expenditures rose by 11.5% to 2.93 billion-euro, the statistical office said in a data release last week.

Taxes on products accounted for 72% of total budget revenue in the review period, followed by income taxes with 16%.

($ = 0.929 euro)

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