SP's economic program - Minimum wage of 500 euros and fiscal peace for businesses
The May 11 vote determined that the Socialist Party will lead the country for the next 4 years, while the economic program presented during the electoral campaign foresees increases in salaries and pensions, without changing the fiscal regime.
Thus, this party has not planned to change the income taxation, sticking to the progressive taxation of 0-23%, while promising an increase in salaries and pensions. The average salary in the public sector is promised to go to at least 1200 euros in Albania by 2030, while the average salary including the private sector will be at least 1 thousand euros. For doctors, the ambition for an average salary of 2000 euros has been presented, while for teachers 1250 euros.
Also, the SP program foresees that starting from January 2026, the minimum wage will be 500 euros. To compensate for the increase in costs for enterprises, the facility is promised that during the 18 months after the first salary they will not have any tax liability on the additional 100 euros.
Also, the SP's ambition is that in 2030, the average pension will be 400 euros for all those who have paid full insurance and for all others, there will be a minimum pension that is intended to go to 200 euros. Unlike the increase in the minimum wage, the program does not foresee a specific year for the increase in pensions.
For the Socialist Party, Albania will continue to have zero taxes for small businesses until 2029. The 15% tax regime for large businesses will also remain unchanged, but fiscal peace is promised for the fourth mandate, according to which, for a 3-year period, for any additional profit that a business declares above the economic growth rate, only 5% will be taxed.
In support of business, the mobilization of 2 billion euros in loans and guarantees through the Bank of Albania and the Development Bank is also promised, with the aim of increasing domestic production.
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