The budgets of fiscal years 2025 - 2026 represent a transitional phase for the Albanian economy, moving from the post-fiscal consolidation period toward a sustainable development model oriented toward social goals and fiscal efficiency. The Draft Budget for 2026 is...
Economic growth in 2023 is estimated at 3.5%, supported by strong government consumption and some influential sectors such as construction and tourism and energy exports (see Table). The country had an exceptionally good tourist season in 2023, with the result that...
Serbia's economic growth accelerated in the second half of 2023, bringing GDP growth for the year to 2.5%, thanks to a better-than-expected performance of the agriculture and construction sectors, and a strong sector recovery of energy, after the crisis of...
According to the definition presented by the OECD[1] for the government's primary balance, the most appropriate explanation is that "The primary balance is the difference between the amount of revenue a government collects and the amount it spends...
Some time ago, our experts analyzed the preliminary indicators of the state budget for the 11th month of 2023[1] and we considered the budget performance in the face of some risks that can be considered in an annual...
Inflation can affect public finances through multiple channels. It tends to expand tax bases in nominal terms, increasing nominal tax revenues, but it can also increase the cost of government spending, more directly for budget items that are automatically indexed...
In a previous study of ALTAX [1], we mentioned all the factors analyzed and listed, which are the influences on the variations of the foreign exchange rate and inflation. From this previous analysis, we conclude that because of the...
After a strong economic recovery in 2021, Albania in 2022 was hit by high energy costs, fueled to a significant extent by Russia's occupation of Ukraine, but mostly left unclear as to how prepared domestic resources were. to mitigate the...
Budget deficits, as well as surpluses can be part of our everyday financial life, together with their effects. But, the impact they reflect to economic environment is the most important effect for the future. Business investment spending on physical capital such...
