European Commission backs Kosovo with 11m euros

European Commission backs Kosovo with 11m euros

The Finance Ministry announced that today it has accepted from the European Commission the amount of 11,499,970.00 euros as direct budgetary support. The intelligence office of this ministry says this is the reward for the hard work of establishing and maintaining a continued macroeconomic stability in the country, successfully implementing and professionally lending macroeconomic policy [...]

The intelligence office of this ministry says this is the reward for the hard work of establishing and maintaining a continued macroeconomic stability of the country, successfully implementing and professionally, the stable-oriented credit-economic policy.

“Successful management of public finances through precise implementation of the programme and strategy for improving public finance management and at the same time increasing budgetary transparency for all concerned, including civil society and citizens of the Republic of Kosovo, and successfully implementing the Strategy for the Kosovo Public Finance Management 2016-2020 and Modernisation of Public Administration”, it is said in the communique.

All these tasks from this ministry say they have been assessed positively by the European Commission, where the work that has been done in preserving the country's macro-friendly stability, including the respect of the fiscal rules prior to the Law on Public Finance Management, has been appreciated.

For these reasons today the state of the Republic of Kosovo in a financial way stands best to have ever stood in all its parameters”, the communique concludes.

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