Kurti: Added state debt is being passed on to corrupters

Kurti: Added state debt is being passed on to corrupters

The State Debt of the Republic of Kosovo in 2018 exceeded 1 billion euros. Someone may seem a bit, but when taken into account that figure has reached less than a decade, then trend takes on a frightening shape and such a state cannot be described as good fiscal future, [...]

According to him, Kosovo's external debt is 416m euros, with 75% of them at the International Monetary Fund (FMN) and the International Bank for Reconstruction and Development ( BNRZh both participate in 160m euros. The money of the first (FMN) has gone to wages and asphalt and they have to be returned in 5 years, and the second money (BNRZH) we have never seen, because they are in fact debt inherited from the former Yugoslavia, which at first was 381m euros, but which has now fallen because part has been repaid.

Internal debt, on the other hand, is 613m euros, and comes from the issue of Value Letters, ahead of which also went for asphalt and wages, because they did not have any specific dedication.

Someone might ask, did Kurti write about where all these means have gone, and what is the economic and social effect of these means? As he might ask how rather than participate in the division of the wealth of the former Yugoslavia, we only participate in its debt? Or, how did it become that we should pay Serbia debts, while it, in addition to robbing Kosovo's pension fund and bank deposits, still owes us the damages to war and occupation?

If we look at the state debt of the Republic of Kosovo, the loans that have been taken and the projects for which those financial means have been allocated, then we see how small and medium-sized amounts have been divided for water, sewage, school infrastructure and hospital infrastructure, while large amounts for investments in road infrastructure and highways that facilitate the circulation of foreign capital in the country, to leave a portion again in circulation as payment to debt received for these projects.

So, increasing the state debt of the Republic of Kosovo is not that it has gone into investments that boost the local economy. Instead, the debt has gone up wages in the public sector and asphalt, coupled with lack of transparency on these projects and closer corrupts that have passed on the spending of these money. And the peak of all of this is transparent: the tendency of debt write-off, what's going on is constantly increasing debt.

This ease of adding state debt, according to Kurti, conveys corrupt relatives, and especially the lack of vision of Kosovo government officials have left the economy in stagnation, which is reflected in a triple shortage: lack of purchasing power, lack of production and lack of employment. How can the economy advance until the wealth acquired by theft exceeds the wealth gained from production and honest work?

Eventually Kurti wrote that if the debt was used to help the economy strengthen in certain strategic sectors, the economy would grow and help reduce social problems and unemployment. Granted, this requires developmental vision, strong morals and radical transparency.

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