The six months report of the Kosovo Budget is approved
25/08/2010
As a result of larger incomes compared to expenditures, this six month period has marked an increase of 68 million euros compared to the first six months period of 2009.
In its 136th meeting, the Kosovo Government approved the six months budget report for 2010, which is required according to the Law on Public Financial Management and Accountability (No. 03/L-048). As it is done with other reports, this budget report also features the budget allocations according to Law No. 03/L-177 on the Budget of the Republic of Kosovo and according to SIMFK – the financial system developed exclusively for the Kosovo Government. In this first six months period, the budget allocations for 2010 differ for 40 million euros. The table below provides more detailed information:
|
No. |
Description |
Budget allocation according to the law |
Budget allocation according to the SIMFK |
|
1 |
Central Government Budget 2010 |
845 |
873 |
|
2 |
The general Government Grant for municipalities 2010 |
235 |
234 |
|
3 |
2010 Municipal Self-Income 2010 |
50 |
51 |
|
4 |
Municipal self-income transferred from 2009 |
- |
21 |
|
5 |
Central self-income collected on 2009 |
19 |
12 |
|
6 |
Central self-income transferred from 2009 |
- |
3 |
|
7 |
Other finances |
85 |
85 |
|
Total budget allocations for 2010 |
1,234 |
1,278 |
|
This six month period marked a 48.1% completion rate of the annual plan, and if we compare this figure to the same period in 2009, we will note that in 2010 the annual plan completion rate is 27% higher. More specifically, the income from customs was 7.9% higher than in 2009; from KTA 4.6% higher; non-tax income collected during this six month period were 17.2% lower than in 2009, government self-income were 64.8% higher than in 2009, income from municipalities were 4.1% higher whereas the dividend receipts were an additional 80 million euros, as in 2009 there was no income from dividends.
During the first six month period of 2010, expenditures represented 36.5% of the total annual allocations, which is below the budget plan level, whereas if compared to the same period for 2009, the expenditures marked an increase of 8.4%. Hence, in the category of wages and salaries, the expenses for this month are 16% higher compared to the same period in 2009; the category of goods and services also differs for a 16% increase in expenses compared to the same period in 2009; municipal payments and services in this period were 2% higher; subsidies and transfers are 12% lower; payments for capital investments are 38% higher; as well as other payments which include the KEK debt in the amount of 14.8 million euros and the Kosovo foreign debt in the amount of 10.25 million euros. Therefore, as a result of higher incomes compared to expenditures, this six month period marks an increase of 68 million euros compared to the first six months period of 2009.
