{"id":488660,"date":"2021-12-02T11:46:06","date_gmt":"2021-12-02T10:46:06","guid":{"rendered":"https:\/\/www.hashtag.al\/?p=488660"},"modified":"2021-12-02T11:46:06","modified_gmt":"2021-12-02T10:46:06","slug":"shpenzimet-per-shlyerjen-e-interesave-te-borxhit-publik-arriten-nivelin-me-te-larte-qe-nga-2013-ne-10-mujor","status":"publish","type":"post","link":"https:\/\/www.hashtag.al\/index.php\/2021\/12\/02\/shpenzimet-per-shlyerjen-e-interesave-te-borxhit-publik-arriten-nivelin-me-te-larte-qe-nga-2013-ne-10-mujor\/","title":{"rendered":"Shpenzimet p\u00ebr shlyerjen e interesave t\u00eb borxhit publik arrit\u00ebn nivelin m\u00eb t\u00eb lart\u00eb q\u00eb nga 2013 n\u00eb 10 mujor","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

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Qeveria shqiptare ndau nga buxheti n\u00eb 10 mujorin 2021 rreth 33 miliard\u00eb lek\u00eb (267 mln euro) p\u00ebr t\u00eb shlyer interesat e borxhit publik.<\/span><\/p>\n

Kjo shum\u00eb ishte m\u00eb e larta q\u00eb nga viti 2013, sipas t\u00eb dh\u00ebnave zyrtare nga Ministria e Financave t\u00eb azhurnuara n\u00eb treguesit mujor fiskal.<\/span><\/p>\n

Rritja e shpenzimeve erdhi nga shtimi i stokut t\u00eb borxhit publik, pasi normat e interesit vazhdojn\u00eb t\u00eb jen\u00eb favorizuese. Shpenzimet p\u00ebr shlyerjen e interesave t\u00eb borxhit u rriten me 12 p\u00ebr qind n\u00eb 10 mujorin 2021 n\u00eb raport me t\u00eb nj\u00ebjt\u00ebn periudhe t\u00eb vitit 2020.<\/span><\/p>\n

Shpenzimet p\u00ebr interesa t\u00eb borxhit shtet\u00ebror ndaj t\u00eb ardhurave tatimore dhe PBB, gjat\u00eb viteve t\u00eb fundit kan\u00eb ndjekur nj\u00eb trajektore r\u00ebn\u00ebse, duke p\u00ebrjashtuar vitet 2018, 2020 dhe 2021. Gjat\u00eb vitit 2018, \u00ebsht\u00eb sh\u00ebnuar rritje e shpenzimeve p\u00ebr interesa e cila \u00ebsht\u00eb ndikuar kryesisht nga rritja e stokut t\u00eb borxhit n\u00eb vler\u00eb absolute dhe efekti i parablerjes s\u00eb Eurobond-it q\u00eb u maturua n\u00eb vitin 2020. <\/span><\/p>\n

Gjat\u00eb vitit 2020, shpenzimet e interesave n\u00eb vler\u00eb nominale parashikohen u rriten me rreth 1 miliard Lek\u00eb krahasuar me fundin e vitit 2019, nd\u00ebrkoh\u00eb rritja e raportit interesa ndaj t\u00eb ardhurave tatimore ka ardhur kryesisht nga ulja e t\u00eb ardhurave gjat\u00eb vitit 2020 si rezultat i situat\u00ebs s\u00eb krijuar nga p\u00ebrhapja e pandemis\u00eb Covid -19.<\/span><\/p>\n

Rritja e shpenzimeve p\u00ebr interesa mbeti e lart\u00eb edhe p\u00ebr vitin 2021 dhe presionet do t\u00eb rriten me emetimin e nj\u00eb Eurobondi t\u00eb ri k\u00ebto dit\u00eb. K\u00ebt\u00eb vit shpenzimet p\u00ebr interesat pritet t\u00eb jen\u00eb rreth 5 miliard\u00eb lek\u00eb m\u00eb t\u00eb lart\u00eb se n\u00eb vitin 2020.<\/span><\/p>\n

Mbi 70% e portofolit t\u00eb borxhit shtet\u00ebror p\u00ebrb\u00ebhet nga instrumente me norma interesi fikse. Gjat\u00eb viteve t\u00eb fundit ka pasur nj\u00eb tendenc\u00eb n\u00eb drejtim t\u00eb uljes s\u00eb p\u00ebrqendrimit t\u00eb instrumenteve me norma interesi t\u00eb ndryshueshme n\u00eb portofolin e borxhit t\u00eb brendsh\u00ebm.<\/span><\/p>\n

Por rreziku i normave t\u00eb interesit \u00ebsht\u00eb n\u00eb dor\u00ebn e qeveris\u00eb, pasi ato vendosen nga tregjet. Ekspert\u00ebt k\u00ebshillojn\u00eb se \u00ebsht\u00eb nj\u00eb risk i cili duhet menaxhuar n\u00eb vijim\u00ebsi duke pasur parasysh nivelin ende t\u00eb lart\u00eb t\u00eb borxhit afatshkurt\u00ebr. N\u00eb k\u00ebt\u00eb aspekt, p\u00ebrve\u00e7 masave p\u00ebr reduktimin e pesh\u00ebs s\u00eb titujve afatshkurt\u00ebr, do t\u00eb synohet dhe mbajtja n\u00ebn kontroll e pesh\u00ebs s\u00eb titujve me norma interesi t\u00eb ndryshueshme, n\u00eb linj\u00eb me hap\u00ebsirat e tregut dhe preferencat e investitor\u00ebve.<\/span><\/p>\n

Nisur nga niveli i borxhit, si edhe niveli i ekspozimit t\u00eb riskut, norma e interesit n\u00eb tregun vendas dhe at\u00eb t\u00eb huaj vler\u00ebsohet t\u00eb jet\u00eb nj\u00eb faktor me ndikim t\u00eb lart\u00eb n\u00eb an\u00ebn e shpenzimeve t\u00eb buxhetit t\u00eb shtetit.<\/span><\/p>\n

Nga analiza e ndjeshm\u00ebris\u00eb rezulton se: nj\u00eb rritje e nj\u00ebkohshme e normave t\u00eb interesit n\u00eb tregun vendas dhe at\u00eb t\u00eb huaj me 1 pp11 mbi normat e pritshme duke filluar nga viti 2021, mund t\u00eb rris\u00eb shpenzimet p\u00ebr interesa deri n\u00eb rreth 14 miliard\u00eb lek\u00eb n\u00eb vitin 2023, nd\u00ebrsa nj\u00eb rritje prej 2 pp do t\u2019i rriste k\u00ebto shpenzime deri n\u00eb rreth 18 miliard\u00eb lek\u00eb kundrejt skenarit baz\u00eb.<\/span><\/p>\n

VINI RE<\/strong><\/span>: Ky material \u00ebsht\u00eb pron\u00ebsi intelektuale e Monitor<\/span><\/a><\/span><\/p>\n

\"\"<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

Qeveria shqiptare ndau nga buxheti n\u00eb 10 mujorin 2021 rreth 33 miliard\u00eb lek\u00eb (267 mln euro) p\u00ebr t\u00eb shlyer interesat e borxhit publik. Kjo shum\u00eb ishte m\u00eb e larta q\u00eb nga viti 2013, sipas t\u00eb dh\u00ebnave zyrtare nga Ministria e Financave t\u00eb azhurnuara n\u00eb treguesit mujor fiskal. Rritja e shpenzimeve erdhi nga shtimi i stokut […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":51,"featured_media":488662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65,13],"tags":[],"class_list":["post-488660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lajme","category-te-fundit"],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/488660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/comments?post=488660"}],"version-history":[{"count":0,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/488660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media\/488662"}],"wp:attachment":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media?parent=488660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/categories?post=488660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/tags?post=488660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}