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Saturday, November 25, 2017, 

Finances and Budget Committee discusses budget rebalance

Finances and Budget Committee discusses budget rebalance

Skopje, 17 July 2017 (MIA) - The Parliament's Finances and Budget Committee began Monday debating the 2017 Budget rebalance.

Finance Minister Dragan Tevdovski elaborated the proposal, saying the rebalance aims at reducing unproductive expenditures and open room for realization of the government's policies.

Expenditures on goods and services have been cut by about MKD 2 billion (EUR 32,5 million) compared to the initial projection.

"Expenditures for official trips, representation, economic presentations and advertising have been cut", added Tevdovski.

The rebalance projects MKD 23,4 billion (EUR 380 million) for capital expenditures.

Regarding unpaid liabilities, the Finance Ministry is currently working on a project together with the World Bank over their servicing.

The rebalance projects the GDP growth at 2.2 percent and a budget deficit of 2.9 percent.

According to the Parliament's Rules of Procedures, the commission debate on the budget rebalance can last up to 10 working days. ik/12:46

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