Kosovo budget risks losing €200 million
Measures by Kosovo’s authorities to prevent the spread of the coronavirus, such as restricting economic activities, erasing and postponing tax obligations and also other measures, will have an impact on the state budget.
Kosovo’s acting Minister of Finance and Transfers, Besnik Bislimi, said according to their estimates the state budget could have around €200 fewer revenues.
“Depending on the duration of the pandemic, in annual terms, our estimates show a potential cumulative drop in tax revenues from 7,5 to 12,5 percent in the annual budget. In monetary terms, this means that the state budget could have €200 million less in revenues compared to calculations made in February,” Bislimi said.
Kosovo Tax Administration General Director Ilir Murtezaj told Radio Free Europe that they have yet to make their estimates but that they have noticed a decrease in revenues in March. He said as a result of the pandemic there will be €14 million less of revenues in March.
The pandemic is expected to have less of an impact on the customs revenues. Kosovo Customs spokesman Adriatik Stavileci told the news website that so far, they have not noticed a decrease in customs revenues but that there is a decrease in the import of goods.