Foreign Aid and its Impact on the State Budget (Case: Albania 2008-2012)

Stela Janku

Abstract


Foreign aid comprises a very important element to the social and economic development of the country. It can be offered in various forms, financial, technical as well as donations in kind, namely, it can be allocated to a certain state in the form of grants or soft loans. The right to receive loans has been entitled to the governments, charity organizations, foundations, businesses and individuals. Loans have been considered decisive into aiding and promoting further development to countries suchlike Albania. The role of the foreign aid into the state consolidation process has long been a topic for discussion because of it implications. In spite of the donors’ good intentions the loan’s positive impact depends greatly on the ways it is managed by the recipient governments which should always apply it to the country’s priority sectors. However, it should be utterly accepted that loans are necessary for a state in its initial stepstowards development and international integration.

Keywords: Foreign Aid, Grants, Soft Loans, Budgetary Support, Budgetary Deficit.


Full Text:

PDF


DOI: http://dx.doi.org/10.0001/(aj).v4i2.200

DOI (PDF): http://dx.doi.org/10.0001/(aj).v4i2.200.g1668

Copyright © 2012-2020 ANGLISTICUM. Journal of the Association-Institute for English Language and American Studies,Tetovo, Republic of North Macedonia.

All Rights Reserved.

The publication is licensed under a Creative Commons License (CC BY) https://creativecommons.org/licenses/by/4.0/  View Legal Code                                                                                                                 

ISSN (print): 1857-8179. ISSN (online): 1857-8187.

Disclaimer: Articles on Anglisticum have been reviewed and authenticated by the Authors before sending for the publication.

The Journal, Editors and the editorial board are not entitled or liable to either justify or responsible for inaccurate and misleading data if any. It is the sole responsibility of the Author concerned.