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Prime Minister Edi Rama, also chairman of the Socialist Party, is presenting today the Socialist Party's program for Albania 2030.
During a monologue, Rama says that from January 1, 2026, the minimum wage in the country will be 500 euros. He further said that entrepreneurs will be forced to increase the minimum wage, while adding that the government will facilitate them so that during the 18 months after the first salary, they will not be required to pay any tax on the additional 100 euros.
The Prime Minister says that when they took over the government, they were faced with a debt hole.
"But let's get back to where we are now. When we took office, we were faced with a pit of hidden debts; to companies engaged in public investments, to suppliers contracted for public services; from medicines to chalk, medicines for hospitals, there were no more medicines in hospitals. 40 million euros was just the debt to supplier companies that no longer delivered medicines. Chalk and schools, there were no chalks in schools, because they no longer delivered suppliers and the threatening public debt was almost 80%.
Today, the public debt has decreased below 60 and is 55% today. So, today at a debt of 55%, we are within the parameters of a normal and serious state in the administration of its finances. And we have no hidden debt to anyone.
In the latest report of the European Union, which does not make political assessments, which does not make electoral assessments, which does not make opposition or government assessments, but makes professional and objective assessments, Albania is considered the country with the best administration of public finances in the region. Today, we have reduced bad loans from a frightening level, 25% were bad loans in banks, a direct threat to banks at a normal level, less than 5%.
We have tripled per capita income in three terms when we took office. Per capita income was 3,324 euros, today per capita income is 10,342 euros, and in Albania in 2030 per capita income will increase 5-fold compared to where we started and will be 15,000 euros.
The average salary in the public sector was 372 euros. Today, in the latest independent assessment made by INSTAT confirmed by international financial organizations, the average salary for 2024 in the public sector was closed at 1 thousand euros, while in Albania 2030, it will be at least 1200 euros.
We increased the overall average salary more than 2 and a half times and we will increase it by at least 30% more. This was the average salary. This is the average salary. The average salary of the public and private sectors together, so the average salary in the Republic of Albania. This will be the average salary of at least 1 thousand euros.
We continue with the minimum wage in 2013, when we took office, the minimum wage was 157 euros. Today, 2024 closed with the minimum wage of 400 euros and starting from January 2026 with a decision that will be made after the elections when the June normative act will be made, the minimum wage will be 500 euros.
To support employees who will benefit from this rapid increase in the minimum wage, entrepreneurs will be forced to increase the minimum wage, but we will provide them with a relief that during the 18 months after the first salary, the state will not require them to pay any tax on the additional 100 euros.
"When they took office, the Gross Domestic Product, the General National Product, everything that Albania produced was 9.6 billion euros, today it is 25 billion euros. We have increased the General Product two and a half times. Albania 2030 will have a total product of 35 billion euros," said Rama.
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