The Chairman of the ALSAI, Mr. Bujar Leskaj, submitted to the Committee on Economy and Finances the Annual Report on the Implementation of the 2011 State Budget

11.10.2012

The Chairman of the Supreme State Audit of Albania, Mr. Bujar Leskaj, submitted to the Committee on Economy and Finances the Annual Report on the Implementation of the 2011 State Budget on the 9th of October 2012.

Mr. Leskaj, in his speech, outlined the main findings of the Annual Report and also provided the Committee with a set of recommendations, in order to improve the Preparatory Work on the Drafting of the 2013 State Budget Report. On the other hand, the Supreme State Audit positively assessed the work already carried out by the Government. Particularly, it appraised the work carried out by the Ministry of Finances in the further reinforcement of the reforms undertaken for an effective management of public finances and also for the preservation of the sustainability of macroeconomic and fiscal indicators.

The key recommendation of the Supreme State Audit consisted on the drafting of an Action Plan on Future Constitutional Amendments within the following two years. The proposals on such constitutional amendments should be aimed to determine that the Total Public Debt of the country may never overpass the limit of 60% of the GDP.

The Supreme State Audit recommended many other actions that need to be taken, in order to improve the Preparatory Work on the Annual Report and its further implementation in the following areas: guaranteed debt; fund management of public expenditure; contingency fund; management of revenues from taxes and customs; local government budget; financial and audit management; and surveillance of internal audit.

At the end of the meeting, the member deputies of the Committee on Economy and Finances raised many questions for the Minister of Finance, Mr. Ridvan Bode, on specific issues of the Annual Report.