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Introduction

BUDGET DEFICIT. Introduction. Budget deficit is a problem for Albania in the last three years. General aspests of B.D., it’s origins and Albania. The factors that led the budget deficit in his highest growth. BUDGET DEFICIT. General aspects of budget deficit, its origin and Albania:

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Introduction

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Presentation Transcript

  1. BUDGET DEFICIT Introduction • Budget deficit is a problem for Albania in the last three years. • General aspests of B.D., it’s origins and Albania. • The factors that led the budget deficit in his highest growth.

  2. BUDGET DEFICIT General aspects of budget deficit, its origin and Albania: Types of expenses from the government Incomes to cover the expenses: the tax on the domestic wares and services customs the incomes from the enterprise and the properties social security profit and income tax Etc…

  3. BUDGET DEFICIT Budget Deficit and GDP: Source: Ministry of Finance( 2010)

  4. BUDGET DEFICIT The effects that budget deficit has on familiar economies and for everyone • Higher prices • Higher taxes : • Increase of inflation • Increase of debt • Every Albanian will be in charge of debt by 2328 dollars

  5. BUDGET DEFICIT • The factors that led the budget deficit to the highest growth: • Durres-Kukes-Morine Road, • Ineffective fiscal policy. Source: Ministry of Transport and Telecommunications( 2010) and our calculations

  6. BUDGET DEFICIT Public debt as a risky tool for reducing the budget deficit • Domestic Debt: • The effect of banks to the government Source: Ministry of Finance( 2010)

  7. BUDGET DEFICIT • External Debt • The external debt per sector in the last three years The external debt per sector in the last three years Source: Ministry of Finance( 2010)

  8. BUDGET DEFICIT Conclusions • We have an excess of public expenditures. • Not realizing of the income and overcoming of expenditures. • Currency depreciation. • What said the FMN to the government.

  9. BUDGET DEFICIT References • Bank of Albania (2004): “ Budget deficit”, To understand the state budget, pp. 15- 19. http://www.bankofalbania.org/web/pub/broshura_buxheti_1014_1.pdf accessed 15.04.2011 • International Monetary Found (2010):” Fiscal Policies” , Fiscal Objectives in post IMF Program World: The case of Albania, Working Paper No.10, pp.3-6. • Angjeli, Anastas (2007): Transition and economic freedom in Albania. Tirana: Geer. • SOROS Fund Management (2010): The State Budget Monitoring 2009.Tirana. Albania. • Ministry of Finance (2010): Public Debt Strategy for the period 2008-2010. • http://www.minfin.gov.al/downloads/Stema%20e%20MoF.pdf • Ministry of Transport and Communications (2010): Expenditures report for 2009. Tirana. Albania.

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