FLASH
Shkruar nga Pamfleti
The government has been forced to ask for large debts with high interest, because the internal financial resources cannot afford the liquidity; even the scheme of obtaining 600 million Euro debt through the sale of bonds with 5-6% interest...
SP MPs in the Parliamentary Economy-Finance Committee started the meeting for the draft budget of 2024, placing a tray of baklava on the table, and with the statement that "this budget will be a flower for the well-being of the people and the development of the country".
But behind the baklava pan and the facade of the "flower" budget, the government is keeping secret the scheme of obtaining another debt that it will take in 2024, which it will not declare during the discussion, but will announce it after its approval and will execute it with budget amendments.
The information provided by the "Pamphlet" from the budget drafting department of the Ministry of Finance indicated that during the year 2024, the government planned to receive 2 debts in the form of Euro-bonds, with a total value of 1.1 billion Euros from private foreign markets in the financial exchange.
The first debt, worth 500 million Euros, will be requested by the Albanian government at the end of January 2024, with an interest rate of up to 7-8% and a repayment period of 15 years.
This, according to the budget experts at the Ministry of Finance, is an emergency for the budgetary solvency of 2024. The secret preparations to secure it started at the beginning of October 2023, activating the financial agents who secured the Euro-bonds during the years 2015- 2022.
The second debt, worth 600 million Euros, will be requested by the government in July 2024 and will be accepted with 7-8% interest and a 20-year repayment period; and the procedures for his search will start as early as February 2024, fearing that they may not be able to find him, because during 2024, foreign financial markets will be more limited due to the global crisis.
Both debts with a total value of 1.1 billion Euros will be used to finance existing non-productive and extortionate PPPs, such as "Check-up", Medical Laboratories; oil pump gauges, but also for the 5 new concessions that the government will grant during 2024.
Likewise, Euro-bonds will be used to finance central and local government administrations, bankrupt water utilities and to pay off part of the debts that municipalities have to Albanian banks, entities and foreign agencies, taken to finance local projects.
The acquisition of these 2 debts was declared by the Minister of Finance, Ervin Mete in the parliament, but apparently he revealed Bablok's secret, that is why he did not mention it in the draft budget of 2024, although they will be the main item of net financing, for management debts and liquidities.
According to the data, the first Eurobond from this government was obtained on November 12, 2015 with a value of 450 million Euros and an interest rate of 5.8%. In the years 2018-2023, 5 Eurobonds were obtained with a total value of 2.3 billion Euros and interest from 6% to 10.5%.
While during the year 2024, 1.1 billion Euros will be received in 10-20 year repayment term and 7-8% interest; because with internal resources, the government cannot afford liquidity; even Bablok, Delian Ibrahimaj and governor Gent Sejko, the scheme of obtaining 600 million Euro debt, through the sale of bonds and bonds with 5-6% interest, failed./ Pamphlet
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