The US Embassy against the withdrawal of 10 per cent from Trust: That's terrible.

Finance Minister Hykemte Bajrami has announced that the withdrawal of ten per cent savings from the Trust will be made available soon. Currently in the Kosovo Assembly, it is being debated over the Economic Restitution Bill, including the issue of attracting financial means. But such a move is opposing the embassy [...]
Finance Minister Hykemte Bajrami has announced that the withdrawal of ten per cent savings from the Trust will be made available soon.
Currently in the Kosovo Assembly, it is being debated over the Economic Restitution Bill, including the issue of attracting financial means.
But such a move is opposing the US Embassy in Kosovo.
Diplomatic sources within this embassy have said that the withdrawal of the means of saving is a terrible mistake.
The situation with the savings fund is terrible. Most people have small accounts so that only large account holders” would benefit from it, this source said.
The equivalent of 200m euros will make it difficult for the Pension Savings Fund to continue borrowing government. They have been the main debt buyers so far. The result will be that there will be higher interest rate for government debt”.
This is a complex and tragic event. How do you get out of that”?
For economic connoisseur Bardh Ahmeti, attracting savings does not represent citizens' support over the long term.
“Exploitation of pension savings, short-term consumption, in another word of survival, at pre- pension age, is not a good indicator, does not contribute to the long-term welfare of each of us”, Ahmeti has indicated about the clankosova.tv.
“under the circumstances created as a result of COVID-19's pandemic, where everyone's life is financially burdened, every income for citizens is welcome. It helps to overcome financial difficulties and to cover basic necessities for life, as there are many who have lost their jobs or work with incomplete capacity. Hence, in terms of citizens, as well as themselves, in the short term it helps you, as an emergency solution, in the absence of other more visionary and developmental instruments”.
Well, if we look at the contributioners' profile, we notice that really those who have the most will not benefit at all from this measure, since either they have minimum value savings or have not been declared at all as employees, another problem of the system and the poor economy”.
He stressed that iPulling 10 percent is not a visionary step.
And we're just an expert on the current situation, challenging everyone's future, the age when the needs and requirements are very large, but we only have this income. In this form, we are helping ourselves with our own tools. I hope that at least the goal of increasing consumption and these tools are circulated in our country's economy”.
Otherwise, in a more developed state, such a measure even if taken would not be used as fair by citizens, but the economic and social situation in our country forces us to use, even to please, these <x1.
Even for economist Jakup Bellaqa, withdrawing vehicles from the Savings Fund is good only for those who have large accounts.
The other subx0 share that has small accounts is not expected to have benefits or benefits because the value is too small and does not meet basic”.
The best “was to be because you would increase aggregate demands through the introduction of these tools. If these goods or tools were invested in self-employment or economic activities that would ensure new jobs as well as raise the quality of life that the citizens of Kosovo, it would be a very shooting act”, Bellaqa said of the clansova. tv
He has stressed that he fears that these vehicles will be exploited in goods of luxury, which he says would not generate employment or improved economic-Social life.
So I don't think it would have to happen as a necessary step because this does not solve the economic problems of Kosovo families. The solution would be to increase local products and services bids and increase export and import reduction”.
Calling for the vote of the Economic Recuperation Bill, Minister Hykmete Bajrami has indicated what impact the withdrawal of resources from the Trust will have on the economy.
This bill allows the country's citizens to withdraw 10% of their means to the Pension Savings Fund, increasing aggregate demand in the economy”, it has indicated.












