Rain helps government’s budget
01/05/2014 00:00
Redundant guards and employed prisoners left without salaries even though the fund was allocated 5 months ago 27/11 21:15
The recent rains have improved the water situation in the Drin cascade,
making an easier situation for the government’s budget, which had an
urgent need for massive purchase of energy.
Official data from the Albanian Energy Corporation say that the water quota in Fierza has increased with more than 285 meters above the sea level. By the beginning of the month it was almost in minimal levels. According to KESH, the water reserves increased with 50% by reaching 920 GWh.
The difficult situation of the first three months had alarmed the government. According to the Minister of Finances, the crisis might put the budget in danger. According to preliminary evaluations, it would have cost 100 million EUR for importing energy.
This money would be loaned from KESH through a guaranteen of the government, increasing the country’s debt once again. Sources from the Ministry of Energy say that the improvement of the reserve during April has reduced the need for import with 25%, going to 75 million EUR.
According to them, this figure might get even better, since the water reserves in Fierza are getting bigger. Besides, the rain has improved the reserves in the entire region, which has lowered the energy import price with 20%.
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