I believe that in this period, and particularly in the period after the COVID-19 pandemic, it’s especially important to pass the law on interest write-off because it will really help more than 150,000 citizens, Deputy Prime Minister for Economic Affairs Fatmir Bytyqi told reporters during Wednesday’s press conference on promoting the zero-interest credit line COVID-4.
According to him, the final effect of this measure will be seen once the implementation begins.
“The implementation of the law on interest write-off is designed in such a way that sets down a legally defined time frame, i.e. 90 days from its entry into force all natural persons who have debt on the basis of a fee or tax must be called and have their basic debt and interest write-off reprogrammed regardless of which institution it involves, whether at a local or national level. I believe that the sooner the law is passed, we’ll be able to talk about really positive effects, as everyone deserves to start a new moment in their lives after the pandemic,” Bytyqi said.
At the moment, the measure includes over 150,000 people. This however, Bytyqi added, doesn’t mean that there will be debt write-off or principal debt write-off.
In addition, he stressed this doesn’t mean that those who have been paying regularly are at a disadvantage now.
“Because it’s fair and just to those who at some point didn’t have the financial capacity or couldn’t pay taxes and had their debt accumulated on the basis of default interest, to help them get out of the poverty threshold. Because these are socially vulnerable categories of people. All analyzes indicate that we’re really talking about socially vulnerable categories of people,” Bytyqi pointed out.
