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Albania’s Economy Advancing at Good Pace: Minister

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Albania’s Minister of Finance and Economy Delina Ibrahimaj said here on Monday that the country’s economy continued to advance at a good pace during the first half of 2023.

Ibrahimaj said on social media that the revenues of the state budget increased by 14.5 percent year-on-year between January and June.

“The total revenues for the first six months of 2023 reached the amount of 319.9 billion Albanian lek (3.47 billion U.S. dollars), which equaled 105 percent of the planned amount,” Ibrahimaj said.

According to a report on the country’s preliminary fiscal indicators published by the ministry on Monday, the general public expenditure in the first half of 2023 totaled 273.7 billion Albanian lek, an increase of 3.6 percent year-on-year.

Albania’s gross domestic product grew by an annual 2.72 percent in the first quarter of 2023, after increasing by 4.73 percent year-on-year in the fourth quarter of 2022, the country’s Institute of Statistics said earlier this month. (1 U.S. dollar = 92.30 Albanian lek) 

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