an hour agoPDK: Kosovo is being emptied and impoverished, Government Living Out of Economic Reality
Periskopi(4 years ago)
(4 years ago)Kosovo's Department for Finance co-ordinator for the Democratic Party of Kosovo, Arben Mustafa, has said at the media conference today that the data presented recently by the government led by Albin Kurti for economic development and employment of 40 thousand citizens, testify that the government cabinet is cut off from reality. According to him, citizens of [...]
According to him, citizens of Kosovo during this year have been impoverished and the economy has seen a major decline.
“At the time when Kosovo is marking the worst economic crisis in the last 22 years, when citizens are becoming poorer every day because of price hikes and economic growth is dropping rapidly, the country's prime minister presented some indicators aimed at convincing citizens that they are not facing economic difficulties, but are living a period of economic prosperity. Apparently, in this country, only its prime minister and subordinates and no one else believe the country's economy is flourishing”, Mustafa said.
According to Mustafa, 400,000 jobs have not been created in Kosovo during Kurti's rule.
The prime minister is declaring he has created 400,000 new jobs, but he is probably talking about Germany or other countries where our young people are immigration”, Mustafa said.
The inflation rate for essential products is over 20%, which means that the cash in the hands of citizens today is about 20% less than they were worth a year ago. At this high inflation rate, the government of Kosovo has made a very significant contribution to undertaking fiscal measures that would curb price hikes. The real economic growth rate in the second quarter of 2022 was only 2.1%, the lowest growth marked during the second quarter since 2014, ruled out pandemic in 2020. At this pace, as well as in light of expectations for the energy crisis during the winter, the country's economy can easily move towards recession. That would mean fewer jobs and less income for citizens”, Mustafa said.
He said power supply cuts during the summer months were the best “warning about what is waiting for the country during the winter.
On the other hand, he said that during the second quarter of this year, Kosovo has marked the decline in public sector investments, a decrease in private sector investments, and a decrease in the amount of exported goods.
