Albanian institutions are incurring fresh debts

Albanian institutions are incurring fresh debts

After a campaign launched by the Albanian government, which lasted several years, with the aim of clearing arrears, state institutions seemed to have incurred fresh debts.

Such phenomenon is indicated by the latest figures referred by the ministry of Finance.

So, for the period from January to April 2017, the value of arrears  incurred by different institutions amounts to 1.3 billion lek.

Most of these debts have been incurred by the ministry of Transport and Infrastructure with up to 415 million lek or the ministry of Urban Development with up to 304 million lek.

Arrears are incurred by institutions mainly as a result of delays in the payments that they receive from the state itself for carrying out works or completing different projects. /