{"id":4541,"date":"2022-06-02T11:32:46","date_gmt":"2022-06-02T11:32:46","guid":{"rendered":"https:\/\/neutrale.al\/?p=4541"},"modified":"2022-06-02T11:32:46","modified_gmt":"2022-06-02T11:32:46","slug":"perkeqesohet-struktura-e-borxhit-publik","status":"publish","type":"post","link":"https:\/\/neutrale.al\/index.php\/2022\/06\/02\/perkeqesohet-struktura-e-borxhit-publik\/","title":{"rendered":"P\u00ebrkeq\u00ebsohet struktura e borxhit publik."},"content":{"rendered":"<p>Borxhi publik \u00ebsht\u00eb rritur friksh\u00ebm prej vitit 2019 deri n\u00eb mars 2022, nga 2.2 miliard\u00eb euro n\u00eb 3.7 miliard\u00eb euro. <\/p>\n<p>Sipas t\u00eb dh\u00ebnave zyrtare t\u00eb Ministris\u00eb s\u00eb financave shihet se, gjat\u00eb dy viteve t\u00eb fundit \u00ebsht\u00eb rritur ndjesh\u00ebm pesha e borxhit me terma tregtare kundrejt borxhit me terma koncensionale, n\u00eb t\u00eb cilin norma e interesit \u00ebsht\u00eb e pandryshueshme gjat\u00eb periudh\u00ebs s\u00eb maturimit. <\/p>\n<p>Analiza tregon se stoku i borxhit ta jasht\u00ebm arriti n\u00eb 5.6 milion\u00eb euro n\u00eb tremujorin e par\u00eb t\u00eb vitit 2022, nga i cili 3,7 miliard\u00eb euro ose rreth 66% ishin me terma tregtare dhe 1,9 miliard\u00eb euro ishin me terma koncensionale. <\/p>\n<p>Borxhi me terma tregtare \u00ebsht\u00eb rritur ndjesh\u00ebm n\u00eb tre vitet e fundit, nga 2.2 miliard\u00eb euro m\u00eb 2019 n\u00eb 3,7 miliard\u00eb euro n\u00eb mars 2022. Rritja e borxhit me kushtet t\u00eb tregut erdhi si pasoje e intensitetit t\u00eb emetimeve n\u00eb Eurobond. Detyrimet n\u00eb Eurobond kan\u00eb kaluar 1.8 miliard\u00eb euro. <\/p>\n<p>Deri n\u00eb vitin 2017 emetimet vjetore t\u00eb borxhit publik ishin m\u00eb s\u00eb shumti n\u00eb terma konsensionale. Psh n\u00eb vitin 2016 mbi 73 % e emetimit vjetor ishin n\u00eb terma koncensionare dhe vet\u00ebm 27% n\u00eb terma tregtar. N\u00eb vitin 2017 raportet u ngushtuan, teksa borxhi me terma jo tregtar zuri 51.6% t\u00eb emetimit vjetor, nd\u00ebrsa ai me terma tregtar 48%. Pas k\u00ebtij viti raportet ndryshuan n\u00eb favor t\u00eb borxhit me terma tregtar. N\u00eb vitin 2018 emetimet vjetore t\u00eb borxhit ishin 91.1 % me terma tregtare, n\u00eb vitin 2019 74.7% dhe n\u00eb vitin 2020 mbi 95 %. <\/p>\n<p>Nga pik\u00ebpamja e kompozimit t\u00eb portofolit sipas instrumenteve, titujt shtet\u00ebror\u00eb vendas vijojn\u00eb t\u00eb dominojn\u00eb m\u00eb shum\u00eb se gjysm\u00ebn e portofolit t\u00eb borxhit shtet\u00ebror. Nd\u00ebrkoh\u00eb, n\u00eb portofolin e borxhit t\u00eb jasht\u00ebm ka nj\u00eb tendenc\u00eb n\u00eb drejtim t\u00eb rritjes s\u00eb p\u00ebrqendrimit t\u00eb titujve nd\u00ebrkomb\u00ebtar\u00eb, duke reflektuar politikat e huamarrjes gjat\u00eb viteve t\u00eb fundit, t\u00eb cilat nisur edhe nga kufizimet e tregut t\u00eb brendsh\u00ebm kan\u00eb pasur si q\u00ebllim uljen e presionit t\u00eb huamarrjes s\u00eb brendshme p\u00ebr t\u00eb leht\u00ebsuar procesin e ristrukturimit t\u00eb portofolit t\u00eb borxhit t\u00eb brendsh\u00ebm dhe stimuluar kreditmin e sektorit privat. <\/p>\n<p>Sipas raporti t\u00eb fundit t\u00eb Komisionit Europian p\u00ebr vendet kandidate, n\u00eb vitin 2023 vendi pritet t\u00eb ket\u00eb nj\u00eb nivel t\u00eb borxhit publik prej 73.9% t\u00eb Prodhimit t\u00eb Brendsh\u00ebm Bruto (PBB), q\u00eb vler\u00ebsohet se \u00ebsht\u00eb m\u00eb i larti n\u00eb rajon, duke ia kaluar dhe Malit t\u00eb Zi, q\u00eb deri tani mbante rekordin. <\/p>\n<p>N\u00eb rajon, nivelin m\u00eb t\u00eb lart\u00eb t\u00eb borxhit e arriti Mali i Zi, n\u00eb 105.3% t\u00eb PBB-s\u00eb, e ndjekur nga Shqip\u00ebria, n\u00eb rreth 76% t\u00eb PBB-s\u00eb. <\/p>\n<p>Ndon\u00ebse vendi yn\u00eb kishte borxhin e dyt\u00eb m\u00eb t\u00eb lart\u00eb publik n\u00eb rajon dhe rritje me rreth 10 pik\u00eb p\u00ebrqindje n\u00eb 2020-n, n\u00eb raport me vitin e m\u00ebparsh\u00ebm, s\u00ebrish ndihma p\u00ebr bizneset dhe individ\u00ebt n\u00eb raport me madh\u00ebsin\u00eb e ekonomis\u00eb, ishte m\u00eb e ul\u00ebta n\u00eb Europ\u00eb,\u00a0pas vler\u00ebsimeve t\u00eb Fondit Monetar Nd\u00ebrkomb\u00ebtar FMN). <\/p>\n<p>FMN e ka k\u00ebshilluar vazhdimisht qeverin\u00eb q\u00eb t\u00eb jet\u00eb e kujdesshme me shpenzimet dhe t\u00eb p\u00ebrshpejtojn\u00eb procesin e konsolidimit fiskal. Sipas deklaratave t FMN-s\u00eb, n\u00eb periudh\u00ebn afatshkurt\u00ebr, politika fiskale duhet t\u00eb vazhdoj\u00eb t\u00eb mb\u00ebshtes\u00eb rim\u00ebk\u00ebmbjen n\u00ebp\u00ebrmjet masave t\u00eb p\u00ebrkohshme dhe t\u00eb mir\u00ebsh\u00ebnjestruara, q\u00eb duhet t\u2019i n\u00ebnshtrohen transparenc\u00ebs dhe p\u00ebrgjegjshm\u00ebris\u00eb. <\/p>\n<p>Sipas Fondit, do t\u00eb ishte e k\u00ebshillueshme q\u00eb t\u00eb moderoheshin investimet publike tep\u00ebr ambicioze t\u00eb financuara me burime t\u00eb brendshme p\u00ebr t\u00eb mbrojtur shpenzimet prioritare p\u00ebr mbrojtjen sociale.<br \/>\nsipas Monitor<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Borxhi publik \u00ebsht\u00eb rritur friksh\u00ebm prej vitit 2019 deri n\u00eb mars 2022, nga 2.2 miliard\u00eb euro n\u00eb 3.7 miliard\u00eb euro. Sipas t\u00eb dh\u00ebnave zyrtare t\u00eb Ministris\u00eb s\u00eb financave shihet se, gjat\u00eb dy viteve t\u00eb fundit \u00ebsht\u00eb rritur ndjesh\u00ebm pesha e borxhit me terma tregtare kundrejt borxhit me terma koncensionale, n\u00eb t\u00eb cilin norma e interesit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,118],"tags":[27],"class_list":{"0":"post-4541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ekonomia","8":"category-kryesore","9":"tag-lajme"},"_links":{"self":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/4541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/comments?post=4541"}],"version-history":[{"count":1,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/4541\/revisions"}],"predecessor-version":[{"id":4543,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/4541\/revisions\/4543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/media\/4542"}],"wp:attachment":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/media?parent=4541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/categories?post=4541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/tags?post=4541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}