The revenue in the Albanian state coffers for the first 4 months of 2016 recorded an increase of 7.4% over the same period last year: it reveals the data released by the Ministry of Finance of Tirana. In April last year were collected 130.7 billion lek (about 934 million euro), equivalent to 9 billion lek more. The increase is related to the revenue of the tax authorities, with a positive trend of all taxes starting from VAT, tax on income and excise duties. On the other side, however, the government adopted a restrictive policy of expenditure, which at the end of the first four months, from the current year are reported to be 10.5 billion lek ( 75.7 million euro) less than in 2015 . The largest decrease was recorded in the investment item, about 26 percent less. This situation has led for the first time to a surplus in the balance of 16.5 billion lek (119 million euro).


Source: medNews