Premier Mustafa promises economic growth in Kosovo

Premier Mustafa promises economic growth in Kosovo

Pristina, December 22, 2014/Independent Balkan News Agency

By Elton Tota

Parliament of Kosovo gathered today where a debate was held about the 2015 budget.

In front of the 95 MPs, who were present in this session, PM Isa Mustafa offered a short presentation of the most important document for the development of the country next year. The minister of Finance, Abdullah Hoti offered the details of the budget.

Kosovo’s PM, Isa Mustafa said that economic growth this year will be 4% or higher.

Mustafa said that the private sector expects the government to offer a favorable environment for the business and promised that the government will work for this.

Mustafa said that foreign investments will go up by 8,6% and that exports will increase even more.

As far as inflation is concerned, Mustafa said that prices cannot be controlled because Kosovo has not its own currency.

Mustafa believes that in the three years to come, inflation will be around 1%. When talking about remittances, Mustafa said that that he expects them to be stable.

According to him, revenues in 2015 are expected to be 1,5 billion Euros. He said that taxes will not increase, but that informal economy will be fought. Mustafa also talked about the increase of salaries, where he said that there will be increases this year, while in the coming years, this decision will be discussed.

Mustafa’s speech was followed by that of the minister of Finance, Avdullah Hoti, who said that next year, inflation rate will be very low and that this will not have an impact in the consumer basket.

He said that along with revenues, there will also be an increase of expenses. He said that capital investments will be 470 million Euros.

When he talked about the budget increases in several institutions, he said that there will be increases for the Ministry of Interior, Kosovo’s Security Forces, Judicial Council and State Prosecution.

Hoti said that the emission of treasury bonds will continue, but according to him, much caution will be shown with debts left to future generations. Hoti invited MPs to vote the budget of the country. /ibna/