Albania’s Fiscal Goals, Budgetary Balance, Government Debt

Ardian Durmishi

Abstract


The paper is intended to explore the dynamics of budgetary balance and public debt in Albania for the period 2005-2014. The dynamics of both variables are forecasted up to 2020. A special attention is paid on the link between budgetary deficits and current account deficits. There are favorable conditions to confirm the twin deficit hypothesis. The ratios of budgetary deficit and public debt are within healthy intervals in the studied period. The statistical forecasts suggest maintaining a gradual increase of both variables but not exceeding the healthy bounders.

Keywords: budgetary deficit, public debt, fiscal rule.


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DOI: http://dx.doi.org/10.0001/(aj).v4i10.1177

DOI (PDF): http://dx.doi.org/10.0001/(aj).v4i10.1177.g1568

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