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Albania takes much less budget funds than the EU for social protection and health

2024-03-06 07:14:00, Ekonomi CNA

Albania takes much less budget funds than the EU for social protection and

Our country allocates much less funds from the general budget for social protection (pensions + economic assistance) and health compared to the average of the European Union.

Eurostat data showed that the 27 EU member states spent 39.2 percent of their budget on social protection in 2022, while Albania spent only 30 percent of its budget in the same year.

The sector with the highest weight in budget expenditures both in the EU and in Albania is 'Social protection', with 30 percent of general public expenditures in 2022. This item is dominated by expenditures for the pension fund as well as family support programs and individuals in need (economic assistance and disability). But Albania allocates from its budget for this item about 9.2 percentage points of funds less than the European Union.

Also, the Albanian government allocates much less funds for health than the EU. In 2022, EU countries spent 15.5 percent of the budget on health, while Albania in the same year spent only 10 percent of the total budget on health.

Albania takes much less budget funds than the EU for social protection and

For the education sector, both Albania and the EU contribute approximately the same percentage of the budget.

Albania allocates more funds than the EU to cover general public services and economic issues that represent investments. In the EU, public services account for 12.1% of total budget expenditures, while in Albania they account for 14%. For economic issues that include investments, our country took 16% of the budget in 2022, while the EU 11.8%

In the same year, the EU devoted 2.6% of its budget to the defense sector and Albania 2%. In the last two years, our country has increased defense spending to fulfill its obligations as a NATO member.

Environmental protection, even though it is a hot issue all over the world, received only 1.6% of the EU budget and 1% of Albania's budget by 2022.

Meanwhile, Health and Education make up 20 percent of general public expenditures in 2022, while in the EU 25%./ Monitor.al





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