The budget programs for 2023, in their limitation related to the high public debt, as it appears at the beginning of the second 6 months 2023 (64.78% of GDP), despite the mitigating effects with at least 4% in decrease from...
The sovereign credit rating is a measure of the government's ability to repay its debts. Like personal credit scores, a high credit score indicates a financial situation with low credit risk and a low score indicates a government that may...
In Albania, salary benefits for an employee moving more than 100 km from the workplace are determined by the Labor Code and the employer's internal policies. Benefits and salary increases for an employee moving more than 100 km depend on...
Much of the economic and political benefit of decentralized public finance comes from the ability of local governments to make their own tax decisions. A local government that can determine its own tax bases, tax rates and other characteristics of...
Fixed exchange rates are best for partner countries with similar macroeconomic factors and economic strength, such as the US and the European Union. If countries still wish to establish a fixed exchange rate[1], they can maintain such a relationship...
The revenues collected from the state budget are 319.9 billion ALL with an excess of 13.8 billion ALL from the program. Revenues collected from customs and taxes amount to ALL 270.6 billion. Income from mandatory social and health insurance contributions is 66.3...
Strengthening tax compliance and domestic revenue mobilization has been a priority of Albanian fiscal policy for at least over a decade. Although the vision has been adapted for an increase in the compliance model in function of a healthy environment for...
Albania has improved its measures to combat money laundering and the financing of terrorism (AML/CFT), concludes MONEYVAL in a follow-up report published on June 21, 2023[1]. Albania has made progress in addressing the technical compliance gaps identified in...
In the draft law approved by the Albanian government on June 16, 2023, there is already a concrete proposal[1] for the Assembly of Albania to approve the discourse on the cultivation, production and controlled circulation of the cannabis...
The impact on inflation is dependent on the extent to which the country is dependent on imported raw materials and fuel and energy supplies. The increase in Albanian inflation, being lower than in the trading partner countries, did not manage to...
