In an interview with Radio Free Europe, head of International Monetary Fund (IMF) Office in Kosovo, Ruud Vermeulen, expressed concern that the Kosovo budget cannot cope with the increase of expenditures in the field of new social schemes. “Last year, Kosovo spent around €383 million on social schemes, 30 percent more than in 2015. Two-thirds of this increase is a result of the pension scheme for war veterans,” Vermeulen said. “If wee look ahead, Kosovo’s budget cannot cope with such a quick increase of expenditures for social schemes, not to mention other pension schemes under review. If those are also to be implemented, expenditures would increase to an unsustainable scale,” Vermeulen warned. He noted that ‘generous’ pension schemes could risk leaving many Kosovars out of the job market and discourage scheme beneficiaries from seeking employment. “This harms the competition and Kosovo’s economic growth,” said the IMF official.
IMF warns of possible fiscal crisis (RFE)
- Published: 6 years ago on 16/10/2018
- By: OSPI-rq
- Last Modified: October 16, 2018 @ 1:09 pm
- Filed Under: Articles from Kosovo media
LINKS
UNMIK
Peacekeeping
UN News Center
From Google News- Foreign remittances to Kosovo up 5% y/y in Q1 - SeeNews 26/04/2024Foreign remittances to Kosovo up 5% y/y in Q1 SeeNews
- The Meeting of the chief Negotiators of Kosovo and Serbia ended without concrete Results - Sarajevo Times 26/04/2024The Meeting of the chief Negotiators of Kosovo and Serbia ended without concrete Results Sarajevo Times
- War in Kosovo and sexual violence, a painful legacy - Osservatorio Balcani e Caucaso 26/04/2024War in Kosovo and sexual violence, a painful legacy Osservatorio Balcani e Caucaso
- Foreign remittances to Kosovo up 5% y/y in Q1 - SeeNews 26/04/2024
Office of the Spokesperson for the UN Secretary-General
Media Sources
