2020 budget will bring more economic growth, says minister

Minister of Finance and Economy, Anila Denaj told MPs today that with next year’s budget, economic growth from 2020 to 2020 is predicted to be around 4%.

According to the minister, economic growth in 2020 is expected to be 4.1% and for the following two years, this growth is expected to be 4.5%. Meanwhile, the minister also said that unemployment rate is predicted to go down to 10.6%.

“There will be more economic growth and important reforms. Unemployment will drop to 10.6% in 2020. Many sectors of the economy have seen a growth. Tourism this year saw a very good performance”, the minister said.

The government’s objective is to reduce public debt by 1.5% next year and this will bring public debt down to 62.2%. Budget deficit for 2020 is expected to be 1.6% of GDP, marking the lowest level of the past two decades. TemA

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