Saturday, February 22, 2014

Former DP Minister: Albanian Economy towards recession
22/02/2014


Former DP Minister: Economy towards recession
The former Democratic Party Minister of Finances, Ridvan Bode, foresees a grim economic situation for this year.

Regardless of the prediction of a 18% income growth in 2014, he says that the revenues programmed for January are 2% less than one year ago, which shows that the income progress will be far from the objectives.

According to Bode, if you add to this the decreased level of savings with three times, compared to one year ago, the former Minister of Finances warns that the government will be responsible for the economic recession.

“Not only no new loans were given for financing the enlargement of businesses and opening new jobs, but the loans that the government ahd from the banking system has increased with 4.4, which means that the possibilities for financing the business enlargement and the economic growth have now been exhausted. It is clear that the economy is getting weaker and the government is putting the country to a quick economic ruin, and a recession for 2014”, Bode declared.

The Socialist Party Parliament Member, Ervin Bushati, declared: “The former Minister, the man who plunged the Albanian economy in debts, has the courage to talk about economic recessions. Only the undeclared debt that Bode left to businesses was 720 million USD”, declared Ervin Bushati.

“They plunged the country in debts and we are paying for them”, Bushati declared.

“In the four months of the Socialist government, taxes for 97% of the Albanian citizens have reduced; the small business tax was removed and tax for profit decreased from 10% to 7.5%”, the Socialist Party declared, countering Bode’s declarations.

“Other figures show that the reality is different from what Bode has shown, with customs gathering 17% more revenues, Taxes 3.1 billion ALL more, compared to the same period of one year ago”.

“The new government’s budget injects 1.1 billion ALL during 2014, not only by paying the 350 million USD debt inherited by the new government, by also by investing in the Albanian economy. We are determined to recover the economy and return the trust of local and foreign investors”, Bushati declared.

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