TIRANA, July 14 – Finance Minister Petrit Malaj said Albania is maintaining economic stability and stronger public finances through the new Macroeconomic and Fiscal Framework for 2027-2029.
In a social media post, Malaj said the framework sets clear priorities for growth, public investment and lower public debt. He added that investments, domestic consumption, tourism and service exports will continue to support the economy.
Meanwhile, Albania recorded economic growth of 4.0% in 2023 and 2024, followed by 3.8% growth in 2025. The government expects the economy to grow by 4.0% in 2026 and maintain an average growth rate of around 3.9% during 2027-2029.
The Finance Minister said domestic demand will remain the main driver of growth. He noted that stronger employment and consumer confidence will support private consumption. At the same time, improved business conditions will encourage private investment.
Malaj highlighted that exports of goods and services will continue expanding, with tourism remaining a key contributor to economic activity.
The framework also focuses on fiscal consolidation. The government plans to reduce the budget deficit from 2.3% of GDP in 2026 to 0.9% in 2029. It also aims to lower public debt from 52.9% of GDP in 2025 to around 50.2% by 2029.
Malaj said the plan strengthens Albania’s economy and supports its path toward European Union standards.
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