Ovid-19 forces Government to replace budgetary means and make savings

Finance Minister Hykmete Bajrami said that, in the case of accepting 28 million funds from the Association, replacements should be made.

“The funds are accepted and now must be registered to reduce grants”.

The government has also approved the decision to approve the replacement of budgetary divisions between sources of financing and the delivery of expenditures, for “The Public Sector Financing Tool for Emergency Response to Individual-19” with the Council of Europe Development Bank, reports Online Economy.

“ ... we have accepted funding of 17m euros and now the ministry must make replacements”.

The same meeting has been decided on savings, division and regulation in the 2020 budgetary organisation spending category, reports Online Economics.

The budgetary crisis is showing that the level of difficulties is not expected to ease. The total value of division is 32 million. They're sharing tools for economic zones. And we did the address of the line in the municipalities. The tools are shared for the embassy. Under this decision, tools that affect no majority communities” are divided.

The Finance Minister has faced a difficult situation in terms of budget revenues. We will analyse spending from all budgetary organisations and expect the latest decision to address emergency issues concerning the budget”, Minister Bajrami has clarified.