Gerjaliu shows how much money is needed to overcome the economic crisis

Gerjaliu shows how much money is needed to overcome the economic crisis

Kosovo needs 1 billion euros to overcome the economic crisis caused by pandemic. So said in an interview for Online Economy, former head of the Kosovo Economic Ode (OEK), Safet Gerjaliu. According to him, all of this should restore citizens' trust through increased consumption. “Anals made for needs [...]

Kosovo needs 1 billion euros to overcome the economic crisis caused by pandemic. So said in an interview for Online Economy, former head of the Kosovo Economic Ode (OEK), Safet Gerjaliu.

According to him, all of this should restore citizens' trust through increased consumption.

“Analysis made for the needs of Kosovo citizens shows that at the moment it is more than necessary to have a financial infusion worth 1 billion and 400m euros and that all this has to do with the goal of returning lost trust, but that trust is to be returned through increased consumption”.

“If there isn't going to be increased consumption then real recovery will be very difficult, but it's definitely time to calculate and explore the possibilities of collecting a project or a budget of 1 billion and 400m euros that will be in the function of recovery”.

He has said that Kosovo should analyse all possibilities for economic recovery, and that, according to him, should not be overlooked even the possibility of increased debt.

But he adds that ratification of international agreements in the Assembly should be made in the first place, reports EO.

Kosovo must analyse all possibilities in how to recover the economy, and in this respect it should not be overlooked the possibility of public debt growth. You know that based on the law on public finance Kosovo currently has a right to 40% of GDP in public debt, and so far we have 1 billion and 370m euros and I believe it's not even 20% of debt and therefore this issue has to be analysed in order to meet this 1 billion-and-a-half-billion gap gap in order to achieve the 40% public debt rate compared to GN-in-<1>.

“... at the same time it must be understood that the countries of the region have 60% to 70% allowed, and if there needs to be an eventual change, then why not increase the threshold of public debt that really needs to pass this, but now is the time that in the first place the possibility of ratification of agreements with international partners must be accelerated.

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