13 minutes agoEconomists: Public debt reduction, lack of economic strategies
Periskopi(3 years ago)
(3 years ago)The BEC's latest report, for economic growth and public debt in the country, testifies to the lack of economic development strategies and shows the poverty Kosovo is going through. Thus, they appreciate economic connoisseurs in the country, stressing that public debt should be taken for major projects that contribute to [...] growth.
The Kosovo Central Bank, in the report “Three-month economic assessment”, stresses that in Kosovo, there is a 4 per cent economic growth, while stressing that public debt has dropped to 18.1 per cent. This situation isn't real, it's economic recognition.
The chairman of the Kosovo Economic Ode, Lulzim Rafuna, tells Radio Kosovo that the issue of public debt is not to boast. He says Kosovo has legal space for borrowing public debt by 60 per cent, but has to have concrete projects to return that debt without witness challenges.
“We have to borrow it for economic impacting projects, not to boast that we have the lowest debt, but to boast that we have borrowed and that we have economic development and that we have to return it without any problems and without even a single challenge, and, the idea of promoting it that we have the lowest debt, I don't like it, but we have to encourage it to have good projects, to release money, to have projects that we can create for youth to engage in its country, and after economic development, and that you return debt and you don't mind that't have any less debt, but we have to think about why we don't have any bigger ideass in public and why we don't have to borrow it.
And talking about economic growth, according to the CEC report, economist Safet Gerjaliu tells Radio Kosovo that this is an unfounded and groundless increase.
At this time of inflation and at this time of crisis when social discontent is on the rise, it is estimated that we have this economic boom, they do no favor anyone. We should not boast that we have a small debt, because the small public debt testifies to the lack of an economic development vision, lack of a medium- to long-term strategy. So this data worries us, and the fact that everything is based on increased consumption and this increase in consumption is due to inflation and price hikes, proves that we are still a country dependent on import”.
Unlike the BQC report, domestic demand is assessed as the key factor that has contributed to economic growth while investments are estimated to have had a positive effect on overall activity, consumption slow growth, mainly due to high inflation. As for foreign trade, the CEC estimates net exports have had a negative impact on growth in economic activity.
