2025 budget money redistributed - Malaj: More funds for cybersecurity, IT and infrastructure
Redistribution of funds for cybersecurity, information technology, sovereign guarantees in agriculture and infrastructure. These are just some of the changes to the 2025 budget that were discussed in the Parliamentary Committee on Legal Affairs, Public Administration and Human Rights.
During his speech, Minister of Finance Petrit Malaj once again listed the changes to this year's budget, which were approved a week ago with a normative act by the Council of Ministers.
"We have a reflection and an internal redistribution of funds for IT-related projects. From the savings, 3.3 billion lek goes to the National Cyber Security Authority, several billion lek for infrastructure development projects, for a project of the Ministry of Education and Sports, additional funds to the Ministry of Health for the purchase of medical equipment.
Meanwhile, 3 billion lek is for the sovereign guarantee in the agricultural sector. This aims to facilitate access to finance for small and medium-sized enterprises. The Ministry of Agriculture has proposed a scheme to solve the problem of the lack of collateral. The sovereign guarantee will be covered by commercial banks. The reflection of the changes will enable the budget deficit to be maintained unchanged. Through this act, it is intended to reallocate 11.8 billion lek to strengthen state capacities for cybersecurity and information and communication technology.
The Minister of Finance emphasized that this normative act only concerns savings from certain projects, which have been reallocated to other projects.
Asked about a possible increase in State Police salaries, Malaj said that no additional funds have been provided for the needs that Ministries may have had. No salary increase has been foreseen so far.
Tensions in Iran raise oil prices - US attacks and possible Iranian response "disturb" markets
Investors reacted to US strikes on Iran over the weekend, as Tehran and Israel continued to trade missiles on Monday morning. Brent crude rose about 1.53% to......
Who have we entrusted with oil imports? Saudi Arabia dominates in May, Oman drops off the list
Imports of petroleum and mineral fuels into Albania for May 2025 have undergone a significant shift compared to the same month a year earlier, both in value......
Do Albanians not prefer imported ice cream? - Up to 400 kg per day of “Made in Albania” production
No one can live without eating ice cream in the summer and beyond. But what are the import figures? Referring to data from the General Directorate of......
Italy, immigration at record levels - Departures of Italians and arrivals of foreigners, at the highest values of the decade
The number of Italians leaving their homeland and foreigners entering the country has risen to its highest level in a decade, official data showed. The......
Durrës – Rrogozhinë Railway, financing secured - EBRD approves 30 million euro loan, project has total cost of 120.5 million euro
The Durrës - Rrogozhina railway line is entering a new phase of development. The project for its rehabilitation has already secured the approval of a 30......
Land sales, Albania's "impasse" with the EU - Kolasi: The relevant law is expected to be approved soon. Implementation will take a long time
The sale and purchase of agricultural land and forests is one of the challenges Albania faces in the approximation and implementation of legislation with the......
What happened in the foreign exchange market today?
The US dollar was bought at the beginning of this week at 84.5 lek and sold at 85.5 lek, not experiencing any significant change from the previous week......
Digital register for olives - Lushnja, Fieri, Mallakastra and Vlora with new map
The Fushë-Krujë Agricultural Technology Transfer Center has announced the opening of the tender for a field study for the identification, registration and......
