Government pays debts to businesses

“Many companies that had direct impact on our economy have returned to their activities after the government paid its debts. This is shown by the general results of the economic growth, where predictions show an economic growth of 2%”, Angjeli declared.

The government paid 260 million USD to businesses during its first eight months in power. According to Angjeli, this has improved the public finances.

“Some of these obligations debts have paid for other obligations that the companies had to the government, and part of this money has turned to the budget”, Angjeli declared.

The Democratic MP, Sheferedin Shehu, thinks that the impact of these debts in the national economy was insignificant, and the acceleration of the economic growth came from other factors.

“This growth was bigger than the past year, and I think that the internal and external environment would favor a bigger economic growth”, Shehu declared.

MP Shehu listed a series of reasons to show that the payment of debts gave no effect, according to him.

“This policy has not been accompanied by fiscal stimulus, because investments have dropped. In August we had 24 billion ALL of investments, compared to one year ago”, Shehu declared.

One of the quickest effects was the reduction of bad loans. But the Bank Association said that compared to last year, their level has increased from 23.8% to 24.9%.

“Certainly, since one third of the payment has not been done yet. We need a full analyze aboutt the effect that this measure gave to the economy, in order to manage the remaining part successfully”, Angjeli declared.

The payment of delayed debts was one of the promises given by the Socialists. Official data show that the total debts mounted up to 726 million USD.

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