Budget changed, 90 million EUR reallocated

19/12/2016 00:00

The government has changed the budget for the new-year bonuses and for
redistributing investments, and they say that the revenue level, the
spending level and budget deficit will not change.

The government will use 30 million EUR to compensate every pensioner with 6000 ALL, and 2000 ALL for every person with disabilities and families treated by system welfare.

The new year bonuses are not covered through debts, but the government says that the mony is secured by savings from the payment fund and other elements.

The second most important change is related to the payment of 3.6 billion ALL of unpaid debts to private firms that have worked with the aqueduct and the road infrastructure.

This is a redistribution of funds, because this money is taken from investments which have been realized slower.

Besides paying old debts, the government gives 3.3 billion ALL or 25 million additional EUR to the local government through the regional development fund. This is also a redistribution of funds.

The money that will fund new rural roads and schools were secured through energy transfer savings and social welfare savings.

The Directory of Civilian Emergencies is profiting in the meanwhile 450 million ALL for compensating floods and other disasters accumulated during the 2013-2016 period, while 142 million ALL will go for road maintenance.

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