Muharrem: Declining capital investments has punished private sector, businesses
(2 years ago)Economy officials Shenoll Muharremi has criticised Kosovo government for declining capital investments in this mandate. It has shown that during 2020-2023, there is a decline in these investments for 11.2%. In his account in “Facebook”, Muharrem wrote that the decline in such investments has punished the private sector and [...]
Economy officials Shenoll Muharremi has criticised Kosovo government for declining capital investments in this mandate.
It has shown that during 2020-2023, there is a decline in these investments for 11.2%.
In his account in “Facebook”, Muharrem wrote that the decline in such investments has punished the private sector and businesses they have.
The “findings have been in place since 2019 in 2020, and we have a drop of -55% capital investments. The budget has increased on one side (from 2.1 billion to 2.3 billion euros) and on the other have reduced investments from 378m euros to 227m euros. In general, during 2015-2019, the ministry of capital investments has been 19.2%, while in 2020-2023 investments have fallen to an average of 11.2% of the available budget. The decline in investments has not only left Kosovo without major projects in recent years, but has also punished the private sector and businesses, which have had fewer jobs and have faced liquidity pressure. Unfortunately, a considerable part of these tools that are away from investments have gone to social aid. And aid has increased consumption and import, therefore increasing the trade deficit in goods to about 5 billion euros annually or 50% of Kosovo's GDP. For more, the graph illustrates more about the details”, Muarremi wrote.