Although the Government is only going to take responsibility for the package of fiscal measures next week, economists believe that their impact on the budget will be below what is needed to cover the budget deficit. In fact, even estimates by the Ministry of Finance show that revenues from the new taxes will amount to a maximum of 1% of GDP next year. Financial analysts are already talking about the need for new fees and taxes, some of which the executive will likely postpone until after the election.

After coalition leaders spent the summer agreeing on a set of fiscal measures needed to cover the budget deficit, the Treasury this week published a bill of new taxes and spending cuts. With the government seemingly keen to hit the 5.5% deficit target, the figure Prime Minister Çolaku was negotiating with the European Commission, the budgetary impact of the measures to be adopted next week this year is only 633 million lei. . This is in the conditions when the Minister of Finance estimated the deficit this year at the level of 6.8-7%.

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