7 hours agoSahin: Public Debt The Only Possible to Get Out of the Economic Crisis
Periskopi(5 years ago)
(5 years ago)Access to public debt is being considered by economic field experts as the only chance to get out of the economic crisis in which Kosovo has been introduced during the period of the David-19 pandemic. Kosovo Alliance of Business Chairman Agim Sahin in an interview for Online Economy says the only way for recovery [...]
Kosovo Business Alliance Chairman Agim Sahin in an interview for Online Economy says the only way for economic recovery is to enter public debt, but for that too, he stresses development projects are required.
Sahin further said that the introduction to any public debt should be done with a physical programme that would reason on the loan requirement before financial institutions.
Kosovo Business Group <x0) estimates that the state and the country's economy have been hit by just non-functional pandemic and development policies in relation to investors' demands, and this has left major consequences in the country and as the only possibility for economic recovery in its programme doesn't envision any direct recovery for businesses is the introduction of state into public debt”.
“ ... we have a huge advantage that we still keep the debt around 18% and we have the right to go up to 40% under the Law without changing any major structure of legislation, and that means that these means can be introduced into economic development sector services including capital, public investments that are directly turned into public, so we value it as the ABB that the state should continue with financial requirements for economic recovery <x1.
“ ... tools are spent on wages and wages, but on public development projects, capital and increasing service, increasing consumption, because the word of public debt alone means that by profiting everyone and not by profiting a sector or employees working in the public sector”, Sahin told EO.
However, Sahin sees the economic recovery only in 2023, but until then he stresses that the country will face numerous problems.
The government's <x0gram is not a hopeful programme for rapid economic recovery, according to our estimates, we can have in 2023 that by then we will face numerous problems giving priority to the government's vaccine, leaving the economy out of state interest, and this is a deep blow to entrepreneurship, economy and private sector”.
