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Shkruar nga Pamfleti
The depreciation of foreign currencies, mainly the euro, has negatively affected the state treasury by not collecting the planned revenues. According to a report by the Ministry of Finance, last year the budget lost 170 million euros from the exchange rate alone. On the other hand, the weakening of currencies is having a positive impact on reducing public debt.
A blessing for debt and a punishment for the state treasury. The continuous depreciation of currencies in the last 3 years is having a positive impact on reducing public debt taken out in foreign currency as it makes its repayment cheaper, but on the other hand it has also reduced the income that the budget can benefit from taxes.
According to data from the Ministry of Finance, the state budget lost 170 million euros last year due to the depreciation of the euro and the dollar, as it collected less money from customs.
Meanwhile, the state treasury failed to collect last year the 160 million euros expected from Value Added Tax, 9.6 million euros from customs duties and 2.5 million euros from mining royalties.
Although with lower figures than last year, the year 2025 is also associated with the failure to realize the plan due to currency depreciation but also due to the decline in prices in foreign markets.
In the first 7 months of the year, according to data from the Ministry of Finance, the plan for customs tax revenues was not realized by 2 million euros, while 5.1 million euros less was collected from VAT in tax revenues.
The decline in foreign currencies continues to hit exporters hard, who have their profits in euros and expenses in lek, as a result they earn less money when selling their products abroad.
Meanwhile, the weakening of currencies reduced public debt in foreign currency by 3% last year, a trend that continues this year.
According to data from the Ministry of Finance, in the first half of this year, public debt fell to 54.02% of Gross Domestic Product, from 54.21% at the end of last year, mainly influenced by the depreciation of the euro and the dollar.
External debt decreased from 6.5 billion euros at the end of March to 6.2 billion euros in June. While the country's total debt is estimated at 14.1 billion euros.
The depreciation of currencies, mainly the euro, has made foreign debt cheaper, because repayment installments have been lower./ Report Tv
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