Even though this is only the third month of this year, the government of Kosovo has spent almost half of reserved funds from the budget of Kosovo.
This concern was raised by the Minister of Finance himself, and it is also being criticized by opposition and experts of economic matters. According to them, this can lead Kosovo toward economic instability.
“We should be careful, being that reserved funds are reaching their end,’ was the warning of the Finance Minister, Bedri Hamza, during one of the meetings of the government.
According to the spokesperson of the same Ministry, Muharrem Shahini, the Law on this year’s budget foresaw four million and 800 thousand Euros as reserve funds. The government of Kosovo has spent from January to March 2018, around two million and 77 thousand Euros.
Lumir Abdixhiku, MP from the Democratic League of Kosovo (LDK) who is also head of Assembly committee for budget and finances, told Radio Kosova, that funds were distributed in a chaotic manner, without any criteria and reason. “We of course have our own concerns that that these spending and this manner of governing is continuing also this year. The fact that state reserves are being almost completely spent during the first months, concerns us,” he said.
“We will raise this issue, I have announced that I will request reporting of the Finance Minister, as representative of the government, to see how were these funds spent and see the possibility of preventing spending in this manner. I believe that it is an alarm when money is spent in an irresponsible manner,” Abdixhiku said.
Expert of economic matters, Ejup Gjinovci, said this represents danger for economic instability of Kosovo, and added that Kosovo risks not to be able to manage emergent situations.
