DREAM / The Prime Minister resigns and wakes up under the Parisian bridge!

 Kliko këtu për të tjera
Voxpress:

Which sector is funded the most by the government? About 30 percent of spending goes to social protection

2024-05-10 11:09:51Biznes SHKRUAR NGA REDAKSIA VOX

Which sector is funded the most by the government? About 30 percent of spending

According to the latest figures from the "Bank of Albania" for the distribution of government expenditures according to functional classification, until March of this year it appears that "Social Protection", "General Public Expenditures" and "Education" were the sectors for which the government allocated more financial resources. But how have government spending changed over the course of a year? The data show that in total, government spending increased by 5.3% until March of this year, compared to the same period last year.

If we focus the analysis on the first three months of 2024, it turns out that the highest share of expenses is occupied by "Social protection", which constitutes 36.4% of the total. Also, 11.6% and 11.1% of the total expenses the government has spent on "Education" and "Health".

"Scan Intel" has analyzed historical data to understand which government functions record the largest annual increase in spending? According to the figures, "General public services" is the item that registers exactly the largest annual increase in expenses, with 26.5%, and "Health" ranks second. The expenditures of the Albanian government for health until March of this year were 10.4% higher than the same period last year. Meanwhile, in third place we find "Education", with annual growth equal to 10.3%. In the ranking follows "Order and public security" with 10.2% higher expenses than a year ago. The list continues with "Entertainment/culture/religious issues" with 9.5% growth, as well as "Social Protection" with 8.9% growth. Among the expenses that show an increase, the latter is the item with the lowest increase.

In contrast, expenses have decreased for items such as: "Economic issues", "Housing and community amenities", "Defense" and "Environmental protection". Meanwhile, in annual terms, the decline deepened for "Economic issues" by 44%. "Housing" with 30.6%, "Protection" with 4% and "Environmental Protection" with 0.9% also showed a decrease.

The functional expenses of the government are according to the classification COFOG (Classification of the Functions of Government). Since 2007, this classification is in 10 groups of functional expenses. The item "Other expenses" includes other expenses outside the 10 groups. The data are progressive within the year and are refreshed according to the review of the source institution.


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×