Social protection to receive 30% of Albania’s 2027 budget spending

Albania plans public investments of ALL 201.5 billion in 2027, equivalent to 6.9% of gross domestic product. Social protection and education will also receive substantial funding under the draft budget.

Presenting the 2027 draft budget, Finance Minister Petrit Malaj said capital expenditure would average around 6.6% of gross domestic product annually from 2027 to 2029. This figure may also include investments under the European Union’s new Growth Plan for the Western Balkans.

Public investments in 2027 will support infrastructure, public services and economic development projects. Social protection funding will reach ALL 279.7 billion, or around 30% of total budget expenditure.

Education spending will rise by ALL 4.5 billion to ALL 93.6 billion. Malaj described education as a direct investment in the country’s future.

The planned increases include an additional ALL 1.1 billion for scholarships for students in need, ALL 400 million to improve basic education infrastructure and ALL 100 million for scientific research. Another ALL 500 million will fund the After School programme, extending care for children who remain at school until 17:00.

/a.p./

The post Social protection to receive 30% of Albania’s 2027 budget spending appeared first on RTSH.

Original post Here

News
Environment ministry offers grants of up to €10,000 for adventure tourism businesses

The Ministry of Environment has opened a public grant call for small and medium-sized enterprises under the ASCEND project. The programme has a total fund of €80,000. Environment Minister Sofjan Jaupaj said the initiative aims to support businesses that promote sustainable adventure tourism and showcase natural and protected areas. He …

News
Albanian Superliga: Vora and Elbasani Win, Skënderbeu and Laçi Draw

Vora and Elbasani claimed important victories on Tuesday as the ninth round of Albania’s Abissnet Superliga got underway. Meanwhile, Skënderbeu and Laçi shared the points after a 1-1 draw. Vora beat Vllaznia 2-1 at home in a closely contested match. Kashari opened the scoring in the 16th minute, while Daka …

News
Qatari-backed partnership targets $2 billion in investments in Albania and Kosova

Strategic Group and Qatar-based Ocean B Holding have signed a strategic cooperation framework targeting up to $2 billion in investments in Kosova and Albania. Under the agreement, Ocean B Holding has authorised Strategic Group to represent its investment interests across the region. The mandate also covers Montenegro, North Macedonia and …