Arab Today, arab today albanian economy to grow 21 in 2014
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Albanian economy to grow 2.1% in 2014

Arab Today, arab today

Arab Today, arab today Albanian economy to grow 2.1% in 2014

Tirana - XINHUA

Albania's economy is projected to grow by 2.1 percent and its public debt to rise to 74.8 percent of the Gross Domestic Product (GDP) in 2014, according to the 2014 preliminary draft state budget submitted to the parliament for discussion on Monday. The new draft fiscal package involves a change of the taxation model, cutting the income tax rate on monthly salaries below 130,000 lek (1,300 U.S. dollars) and increasing tax on salaries over 130,000 lek. It also envisages a series of measures to ease fiscal burdens on small businesses and increase tax rates on big companies. A final 2014 state budget draft is scheduled to be adopted by the parliament on Dec. 28. "The 2014 state budget has full support and has been prepared in a close consultation process with the International Monetary Fund and World Bank to ensure the restoration of the macroeconomic stability for a long-lasting and sustainable economic development," Finance Minister Shkelqim Cani said as he presented the preliminary draft budget to the Parliament's Chairmanship Conference. He was optimistic about the effects of the new fiscal package, which also includes progress tax. "The progressive tax, which replaces the 10 percent flat tax, will benefit 97 percent of Albanians and turns into consumption of 15 million U.S. dollars," Minister of Economic Development, Trade and Entrepreneurship Arben Ahmetaj told reporters on Monday. "From January 2014, the Albanian government relieves the middle stratum of taxes. The progressive tax is a blessing for the middle and needy strata, as 338,872 employed people will be relieved of taxes from January 1, 2014," he added. The finance minister also presented projections for 2013, according to which, the real growth of the Albanian economy in 2013 is expected to be 1.3 percent, while public debt stands at 69.1 percent of GDP. Albania's central bank cut its key interest rates Monday to a record low of 3 percent, down 0.25 percentage points from the previous 3.25percent rate in November. The decision reinforces monetary stimulus for the country's economy, Governor of the Bank of Albania Ardian Fullani told a press conference, adding the country's inflation stood at 1 percent in November.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today albanian economy to grow 21 in 2014 Arab Today, arab today albanian economy to grow 21 in 2014

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today albanian economy to grow 21 in 2014 Arab Today, arab today albanian economy to grow 21 in 2014

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday