Budget Revenue Execution, Public Budget 2015

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Open Data Albania is exploring on the execution of the public budget for 2015. Budget execution is evaluated by comparing the planned budget at the beginning of the year with the actual budget at the end of the year. Data on the planned budget contain the public budget law, which is practically approved several days before the New Year. Actual data are provided in the Fiscal statistics of the Ministry of Finance, the budget data section.

In 2015, the public budget was executed at a rate of 92%.  In 2015, 381.1 billion ALL were collected, about 33.3 billion less revenues than projected at the beginning of the year.

Source: Ministry of Finance
Comments and Analysis: Open Data Albania

Realization of budget revenues by items, 2015



Source: Ministry of Finance
Comments and Analysis: Open Data Albania

Revenues from grants are the first group of revenues in the public budget. An amount of 14 billion ALL was initially planned for this item, but only 12 billion were granted, marking so a 83% realization.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania

The second group of public budget revenues are tax revenues, which include revenues from taxes and customs, local government revenues and income from special funds. This group has a plan execution at a rate of about 95%.


Source: Ministry of Finance
Comments and Analysis: Open Data Albania

Tax and customs revenues were hardly realized, where only 92.5% of the initial plan was executed at the beginning of the year. Specifically, revenues from national taxes were realized at a rate of 81%, income tax by 86%, revenues from VAT by only 93%, revenues from customs duties by 96% and revenues from excises were realized  by 98%. Profit Tax has exceeded forecasts by 6%.

Income from taxes and customs, budget Plan and Fact 2015



Source: Ministry of Finance
Comments and Analysis: Open Data Albania

The Local Government had also difficulties in the execution of the budget, where only 86.2% of the planned revenues were collected. Local taxes had the lowest performance since only 71% of the planned revenues could be collected. Collection of taxes on immovable property was realized at about 98% of the plan and the collection of taxes on small businesses exceeded the plan by 37%. 


Source: Ministry of Finance
Comments and Analysis: Open Data Albania

Incomes from special funds were fully executed and they also exceeded the forecasts by 7%. Greatest weight in this realization rate were allowances for the owners compensation with a realization rate of 198%.


Source: Ministry of Finance
Comments and Analysis: Open Data Albania

Execution of non-taxation budget revenues, year 2015



Source: Ministry of Finance
Comments and Analysis: Open Data Albania

The third group of the public budget revenues is the non-tax revenues. Total non-tax revenues are realized at a rate of 101%. This high percentage of realization comes from the impact of income transferred by the Bank of Albania. Based on the situation of the Bank of Albania, projections for revenues were too much pessimistic, something that led to an execution rate of these revenues by 1534%. Simultaneously, revenues from budgetary institutions have exceeded the plan by 15%, while other items maintain execution rates between 65 and 75%.



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    Contributer: MSc. Ina Baja
    Translated by: