At the beginning of the second 6-month period, after an assessment and ongoing monitoring of the economic situation, but also the positions held by the financial and fiscal institutions, as well as based on the comments and recommendations from the...
In the Eurozone, the government wage bill accounts for almost a quarter of total government expenditure and about 10% of GDP, so it is important from a macroeconomic point of view[1]. In Albania, the government wage bill...
The sharp tightening of monetary policy has often caused financial stress or even crises, especially in developed economies, but also in developing countries. Because of higher credit and currency risks, global investors have typically pulled out quickly when interest rates...
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...
The GDP of the Western Balkans in 2022 is calculated to have increased by an average of 3.75% with a decrease from the previous year with 4.75% or 1.4 times less average growth. Per capita income in 2021 in the...
In international analyzes related to the current financial situation, it is mentioned that "inflation came from nowhere", as stated by the president of the ECB, Mrs. Lagarde [1]. Although, inflation in Albania came more as an imposition from outside,...
Lending has started to decline in 2023, although expectations are for a recovery in the following months. This impact is expected as long as credit has become more expensive and this cost of commercial banks should remain short-term, otherwise the...
"The annual change of the consumer price index in March 2023 is 5.3%, a year ago this change was 5.7%", quoted from the March bulletin on CPI [1] from INSTAT. When we look at an indicator like inflation, which...
At the end of March 2022, after the meeting of the Council of Ministers, in a statement to the media, Prime Minister Edi Rama announced the national plan for increasing average and above average salaries for the public administration and...
