The Minister of Finances, Shkelqim Cani, presented at the Conference of
Chairmen the draft law for the State Budget 2014, and the tax package.
The opposition Parliament Members accused the government of violating the deadlines by bringing the draft-budget late. The Parliamentary Group Leader of the Democratic Party, Edi Paloka, declared that this delay is a lack of transparence, since there’s not enough time for the opposition to study it. Parliament Speaker Meta declared that it was delayed due to the negotiations with the International Monetary Fund and the World Bank, an argument that was not acceptable for Paloka.
The Minister of Finances declared that this is a realistic budget.
“Incomes increase with 42 billion ALL. Spending will be at around 455 billion ALL. The deficit might be around 6.6% of the Gross Domestic Product. The public debt will be around 74.8%, without any concern, because this includes the 35 billion of the old debt. The economic growth might be around 2.1%, from 1.3% that it was this year”, Cani declared.
Cani declared that they have removed the flat tax, and the new tax system aims to generate 18 billion ALL from taxes and customs. Tax for the small business will be reduced, while taxes for other businesses will jump from 10% to 15%.
“As regards the tax on profit, which will jump to 15% for some businesses, is certainly not something that we do with pleasure. It might seem high on paper, but in practice is not that much, since businesses have been imposed to pay more in other ways due to the bad management of the tax institutions”, Cani underlined.
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