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KIEV http://www.cheapmlboriolesjerseys.com/Pedro-Alvarez/ , Aug. 1 (Xinhua) -- Ukrainian President Petro Poroshenkosaid on Tuesday he has signed the law to amend the country's statebudget for this year, which envisages boosting the defence spendingby around 100 million U.S. dollars.


"Providing the Ukrainian Army with several extremely importanttypes of armament, including Oplot tanks, is the first priority ofdefense sector financing http://www.cheapmlboriolesjerseys.com/Andrew-Cashner/ ," Poroshenko wrote on Facebook.


According to him, the extra funding will also go to theconstruction of an ammunition manufacturing plant and theimplementation of social programs for the army servicemen.


Last month, the Ukrainian parliament adopted the law to boostthe overall budget expenditures this year by three percent to 32billion U.S. dollars due to higher-than-expected revenues in thefirst half of the year.


Apart from the defense sector, the additional funding will bedirected for programs on ensuring public order and resolvingsocial-economic issues.


Ukraine's total spending on defense this year is expected toreach 5.1 billion U.S. dollars or about five percent of thecountry's gross domestic product. Enditem


TIRANA http://www.cheapmlboriolesjerseys.com/Kevin-Gausman/ , July 21 (Xinhua) -- Albania's public debt has gone downto 66.9 percent of Gross Domestic Product (GDP) in the middle ofthis year, Albanian Ministry of Finance informed Friday.


The public debt dropped by about 4.2 percentage points in theend of June, 2017 compared to the level of nearly 71 percentreported at the end of last year, official data showed.


The fall has been even beyond government's forecasts as in thisyear's budget the Albanian government predicted that the debt wouldfall to not less than 69.1 percent of GDP.


However http://www.cheapmlboriolesjerseys.com/Dylan-Bundy/ , economic experts told local media that this ratiomeasured debt stock in mid-year versus total annual output.


This means that the nominal debt value will increase furtherduring the year and its weight versus national output as well, theysaid.


However, based on the data of the first semester, the debt hasalmost 'frozen' even in absolute value.


At the end of June http://www.cheapmlboriolesjerseys.com/Chris-Tillman/ , Albania's public debt was 1.67 trillionleks, or about 9.3 billion U.S. dollars. Compared to the end of2016, the public debt stock has increased by only 1 billionlek.


The freezing of debt stock is due in particular to thesignificant reduction of the value of foreign loans taken by theAlbanian government. The total value of loans from foreigncreditors has dropped to 468 billion leks, 13 billion leks lessthan the end of last year.


The decline of about 100 million euros in the value of externalloans seems to have been the main factor that has curbed the debtin nominal terms and has reduced it substantially in realterms.


In the external debt side http://www.cheapmlboriolesjerseys.com/Colby-Rasmus/ , the Albanian government has alsobenefited from the appreciation of lek in the exchange rate, whichhas lowered the equivalent value of debt received in euro and U.S.dollars.


Meanwhile, official statistics showed that in 2010, Albania'spublic debt was 715.5 billion leks or 5.65 billion U.S. dollars http://www.cheapmlboriolesjerseys.com/Eddie-Murray/ ,which is around 58.5 percent of the GDP that year.


In 2012, the country's debt increased to 61 percent of the GDPand the figure climbed to 65.08 percent in 2013. At the end of2014, the public debt grew to 69.17 percent.


In 2015, the country's public debt hit the highest level of over72 percent of the GDP. In March that year http://www.cheapmlboriolesjerseys.com/Jim-Palmer/ , the debt exceeded thelevel of 1 trillion leks or 7.9 billion dollars.


The Albanian parliament has recently adopted a proposal draftedby the Ministry of Finance to cut the year-on-year public debt.Enditem

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