Government must take measures to increase budget revenues, Konfindustria says

Government must take measures to increase budget revenues, Konfindustria says

Tirana, 20 July 2015/Independent Balkan News Agency

Considering the constant drop of tax revenues in the state budget as worrying, Konfindustria, the largest business organization in Albania, demands to PM Edi Rama to take adequate measures in order to improve the current situation.

Konfindustria says that the current situation with budget revenues, besides objective reasons relating to the global crisis, also relates to wrong domestic policies and direct problems with decision making by executive institutions.

“The 7% fall of budget revenues for the first 6 months of 2015, growth of GDP under expectations for 2015 and expectations for 2015, although the economy has been injected with more than 500 million USD, the increase of debt to a level of 74%, the low level of foreign investments, all indicate that it’s necessary for PM Edi Rama to take immediate measures to improve public finances”, said Konfindustria General Administrator, Gjergj Buxhuku. /ibna/