Government allocates 188m euros for Kosovo economic recovery

With the bill, which has managed to secure Time, the Economic Regeneration Programme has been formed. Thus, the Ministry of Finance is obliged to ensure that the monetary means provided by international agreements are transferred to budgetary organisations that are under the Economic Recovery Programme.

The value of these aides amounts to 40m euros. In addition, other sources of funds that have been provided for economic recovery are highlighted in the bill.

Of the regular budgetary resources for the Economic Recovery Programme have been destined for 74m euros. In addition, the new government is planning to make sub-sheaths by public companies, exactly around 14m euros. Over 100m euros have been budgeted by the liquidity and privatisation process, thus bringing up to 188m euros to the budget for the Economic Recovery Programme.

Among other things, the Ministry of Finance as a map of this bill has identified another 120m euros expected to be budgeted for the Economic Recovery Programme, but their source is not reported.

Meanwhile, expenditures for emergency measures, according to the draft law that has been adopted in the government are expected to be over 200m euros. Some of this is taken from goods and services, from salaries and additions to part of them even from borrowing.

Paying these expenses by the Government led by Albin Kurti had been blocked in the Assembly, since they found no support from most MPs. With a review of the Law on Budget, the Finance Ministry has concluded there will be an increase in expenditures of around 25.2% due to the pandemic.

Even the revenues are expected to be lower because of the situation created with COVID 19 According to Finance Ministry estimates, annual revenues are expected to be 5.3% lower, driven by the decline in economic activity.