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Gov’t blames euro’s free fall for revenue slowdown

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8 years ago
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TIRANA, July 9 – The Albanian government has blamed the slowdown in tax revenue collected in the first half of the year on the free fall of Europe’s single currency against Albania’s national currency. Finance Minister Arben Ahmetaj says the considerable strengthening of the Albanian lek has negatively affected government revenue by an estimated 3.6 billion lek (€28.4 mln) over January-June 2018 when he unveils public finances are estimated to have recovered by an annual 3.3 percent or $60 million, but missed the year’s first half target by 2 percent. “The currency exchange rate is the sole blow government revenue…

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