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The devaluation of the euro reduces imports, 36 million euros minus until November

2023-12-20 09:44:54Biznes SHKRUAR NGA REDAKSIA VOX

The devaluation of the euro reduces imports, 36 million euros minus until

The overvaluation of the lek in relation to the European currency is bringing less income to the state budget than the amounts collected by the Albanian customs. The fiscal data of the Ministry of Finance for the 11th month of this year, note that customs revenues, which include revenues from import VAT, excise duties, customs taxes and mining rents, were realized in the amount of 197.5 billion ALL, 3.6 billion ALL or 1.8% less than the 11th month of 2022. Also in relation to the plan, customs revenues result in 2.5 billion ALL or 1.3% less than the customs revenue plan for the 11th month of 2023.

Specifically, the income from VAT on imports for the 11th month decreased by ALL 7.4 billion or 5.3 percent less than a year ago, registering a total of ALL 133.5 billion. While the decrease compared to the plan is calculated at 2.2 billion ALL. This is not related to the volume of imported goods but to their devaluation because they are bought in European currency.

Excise revenues were realized in the amount of 53 billion ALL, 4.3 billion ALL or 8.9% more than the same period of 2022 due to the tourist boom and the massive increase in the consumption of excise goods such as fuel, coffee, cigarettes and alcohol. once again, this item was below the planning made for the 11th month, by nearly 0.9%.

Revenues from mining rents in export were realized in the amount of 2.7 billion ALL, 1.2 billion or 31.4% less compared to the same period of last year and realization in the amount of 95.1% compared to the plan for the 11th month of 2023.

While the revenues from customs taxes were collected in the amount of 8.3 billion ALL, or 8.7% more than the 11th month of 2022.


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