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The energy crisis and rising prices have forced the government to lower economic growth expectations this year to 3.5%, from the 4.2% projected in the initial budget.
The Normative Act for the revision of the 2022 budget was approved in the Committee of Economy, where the government with the first intervention that made the budget further increased the expenditures and revenues in the amount of 10 billion ALL.
With the new changes, the expenses increase by ALL 20 billion for the cost of electricity, bringing their total to ALL 28 billion, as ALL 8 billion were planned at the beginning of the year, while ALL 6 billion go to cover the package costs. social.
These expenditures will be covered by about ALL 16 billion from reallocations and cuts of funds of institutions, while the rest is assumed to be covered by revenue growth, especially from value added tax where the government expects to collect more from this tax. as a result of rising prices.
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