Economy experts: The current government has shown no results

Economy experts: The current government has shown no results

The economic crisis in the country is especially inevitable after the consequences of the pandemic, but war in Ukraine is also assessing economic experts. Furthermore, economic experts stress that large projects should not be halted in the country, as their continuation would affect the prosperity of the economy. They [...]

Furthermore, economic experts stress that large projects should not be halted in the country, as their continuation would affect the prosperity of the economy.

They even warn that there will be continued migration in view of economic-social conditions. They stress that the government should focus on developmental issues to create new jobs, which they think has no results.

Former Finance Minister Haki Shatri for Online Economy said that to overcome the government crisis, it must deal with internal problems and exploit developmental potential in the country.

“We need to work on solving those problems that are in our competence. We do not need to teach America even Europe what they should do that they know better than we do. We have to deal with our internal problems and the possibilities we have, developmental potential, national wealth, the workforce that we have more active access so that we can return to normal development”.

Shatri points out that the situation with pandemic, as well as Russian aggression in Ukraine, has conflicted with the current government to avoid development projects, adding that no major project is under way and that everything has remained.

No major project is being continued, completely suspended. I have a simple impression that the pandemic, even these problems that were created with the international situation in Ukraine, has been combined with this government. It's off the normal road that a Government has a budget, designed, planned with development projects and called into that system of pandemic that they can and avoided from the Law on the Budget and from the Public Finance Law, and from time to time as years, donations, supplements, ”.

As for migration, he says that now, except there is an influx of evacuations from the country, as thousands are receiving work visas.

But we already have the flow of escape, which you want most. tens of thousands of people are getting a job visa, I'm not talking about how many people have applied for visas, but they're saying 50 thousand have received their work visas for the west of”.

Even economic connoisseur Erton Bega for Online Economy said the economic situation is extremely serious.

According to him, the revision of fiscal policies should be made, lowering TVS, reducing excises, becoming the index of social packages, as well as indexing public sector wages.

The current price crisis is exceeded in some ways. But we have no control over the factors that have affected this crisis. One of the crises that can be affected by the stoppage of this is the review of fiscal policies for a certain period of time through lowering TVS and reducing excises in certain products. Then, in social cases, Kosovo has to do the indexing of social packages on the basis of the increased cost of inflation, and at a later stage, wages should also be indexed in the public sector that could affect the stabilisation of this situation. The situation is extremely serious considering that essential products of living, whether food products, as well as others, have risen extremely much”.

Bega stresses that large projects should not be cancelled as there is a chain effect on the economy related to employment, income and money flow.

“Capital projects which are planned with this year's budget should not be cancelled. The government is able to increase public debt because it is low, lowest in the region and finance these projects. Their ban, which is so obvious because of the failure to function the Procuration Organization, negatively affects the economy because it blocks tools that would affect the growth of the economy, given the problems that Kosovo is now facing now”.

This is an investment that has a multiplication effect on the market. because besides the contractor who benefits directly from public projects, there are those who are indirectly engaged as subsurgeons. So there is a chain effect on the economy that is directly related to employment and also to income levels. Because Kosovo has a consumer-based economy and the development of public projects has a direct effect on the flow of money, which promotes aggregate demand and results in economic growth”.

According to him, migration except the unemployed affects even those who are educated and seek better opportunities of life, reports EO.

<x0 km), migration is a problem facing all countries in the region. This affects not only the levels that are unemployed but also affects those who are educated because they seek better living opportunities, including their children. Therefore, this will continue to be a major problem and the burden of this problem increases, given the economic and social situation in Kosovo that is not optimistic about the future”.

According to Bega there have still been no results on the part of the Government in creating a convenient environment that would guarantee employment and production.

The focus should be on creating judicial security through reviewing fiscal policies to create an environment that would generate employment and production. That is what the government has promised, and we have not yet seen results in this respect. This is the fastest and most stable form of economic development”.

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