Government cuts public investments for 2020
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The government’s draft-budget for 2020 shows that the public investments will be reduced to 83.7 billion ALL, from 88.8 billion that it was programmed for 2019.
The 40 million EUR taken off the budget will affect almost every sector of the economy.
Most of the cuts will be on defense, with the government spending 6 million EUR less.
The government has cut the investments in education with 2 million Euros, in the health sector with 1 mln.
Public investments are the most productive element of the government’s budget, which feeds economic growth and opens new jobs. For this reason, experts and the government itself admits that the optimal level of capital spending should be kept at least 5% of the GDP, in order to support the economy and new jobs.
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