IBNA Op-Ed/ In a record time for a normal government, parliament receives for voting two normative acts which have reduced the power of the legislator and parliamentary debate. Doesn’t Normative Act for changes in the budget reflect the will and the ego of the prime minister and not a constructive debate on the budget?
By Jorida Tabaku
Lawmaker in the Parliament of Albania
In every appearance in the past four years, in every declaration, in every meeting with international partners and recently in the government program, the Socialist Party has taken a stance against debt. Strongly against!
But what is the first action of this government? It borrows! Not for investments, not for development projects, but for payments, for operative expenses. The government has announced an increase in the public debt by 6% in 4 months, the same percentage of growth during the past 4 years of the pressures exerted by the global crisis.
The debt used for development and which generates employment remains a debt that stimulates economy and is one of the reasons that Albania managed to have the indicators that it has today, thus the debt was used like it should have.
In 4 months, the socialist government projects a drop of 20 billion ALL in revenues, while in the past 8 months, this failure to realize the plan was only 13 billion ALL.
How capable will this government be to collect revenues next year? Will we continue with this trend?
The right wing government left Albania with a 280.00 ALL (2.000 Eur) per capita. With this new debt of 24 billion ALL, you’re increasing debt to 325.000 ALL (2330 Eur) per capita, a growth of 13% for the debt that is a burden in the pockets of every Albanian.
Is there an analysis as to how this massive borrowing is going to have an impact for next year?
Critics of the government yesterday, today the new government people are borrowing from the domestic banking market by not allowing the domestic market to be developed and by orienting deposits to refinance debt.
Albania that the right wing government left is that declared by IMF, a country with a predicted 2% increase this year.
On the other hand, EU progress report stated that Albania’s debt is 63% of GDP.
IMF report relating to unemployment talks about a 12.8% employment rate in Albania.
At this point, I have an advice for the new government cabinet. Even if you did nothing, but continued the same trend that the right wing government left, Albania today would at least have 13 billion ALL more incomes!
Note: Stances taken by the author do not represent the editorial line of Independent Balkan News Agency