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Albanian Central Bank profit transfers to state budget exceed 1 bln lek

Xinhua, September 4, 2016 Adjust font size:

The Albanian Central Bank has allocated around 1.095 billion lek (about 8.8 million U.S. dollars) of its profits to the state budget, the official statistics published by the Finance Ministry showed Sunday.

The ministry said the Bank of Albania profits transferred to the state budget in 2016 are higher than planned at the beginning of the year. The profits transferred last year amounted to 962 million lek (about 7.7 million U.S. dollars).

The contribution of the Central Bank to the state budget account for only 0.1 percent of the country's GDP.

According to a survey carried out by Open Data Albania, the weight of the profits transferred by the Bank of Albania as non-tax revenues has declined in the last 3 years.

Data published by Open Data showed that the value of profits transferred to Albanian state budget dropped from 21.47 percent it was in 2013 to the level of 3.14 percent in 2015.

Meantime, for 2016 this indicator is projected to be 3.49 percent. Endit