Good News for Raising Salaries Comes From the IMF

An International Monetary Fund mission has wrapped up its visit to Kosovo. During this visit it has confirmed that Kosovo has a financial stability.

IMF Mission leader Jacques Minean has said economic growth has been good in the last three months. As the IMF has increased forecasts of economic growth this year, but for next year. Economic growth has been very good for this year and next year. We expect a 1.5% deficit in the 2018 budget. It's a very good point”, he said.

Minen has said their focus has been on keeping fiscal rules with the budget of 2018. According to him, Kosovo's economy is with limited financing capacity, while the budget should be based on reliable tax and tourism revenues.

The “Pages have had increases in the growth of the economy, a fraction of all forecasts. Salaries increase regularly in line with economic growth”, IMF Mission Leader Jacques Miniani has said.

According to him, spending on the “Arba Xhaferi” will create new spaces for new capital projects.

Meanwhile, Finance Minister Bedri Hamza has said that next year's budget will be over 2 billion euros. “will have investments in the railway infrastructure as well as other projects that will have secure financing”, he said, writes Telegrafi.

Hamza said several more issues will be discussed in Washington with the IMF.

On the other hand, Kosovo Central Bank Governor Fehmi Memeti has said he was informed. The IMF for the state of the banking sector, which is the stable sector.

“Credays and deposits have increased even non-formed loans have declined, currently at 3.9 percent. The interest rate for credit has marked reductions, but in the future we expect to have a greater decline in the economic growth of”, Mehmeti said.