TIRANA, Oct. 20 (Xinhua) -- The Albanian Finance Ministry on Friday announced an initiative to improve the management of public finances and public debt, seeking counseling advisory assistance.
The ministry said in a press statement that the Albanian Public Procurement Agency has started a bidding process for interested companies to offer such assistance.
A total fund of 83.3 million leks (733,000 U.S. dollars) has been allocated by the government for this tender while the bids will be accepted until Oct. 30, the Finance Ministry said.
The government has voiced commitment to reduce the public debt to the level of 63 percent by 2021.
At the end of the first half of 2017, Albania's public debt fell to the level of 66.9 percent while in the end of 2016, it stood at 70 percent.
