The Democratic Party (PD) has submitted a proposal to the Albanian Parliament to slash VAT from 20% to 6%.
Democratic MP Jonida Ballku said that reducing VAT would help families in need, increase consumption, and kick-start growth.
Over the last months, prices for pantry staples, coffee, bread, and fuel and electricity saw a significant increase. The price of bread alone increased by 15%.
In response, hundreds of Albanian citizens have gathered before the Prime Minister’s office on several occasions to protest these price hikes.
The PD had already submitted to Parliament a set of measures to respond the economic difficulties due to increased consumer prices in early October.