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Sunday, April 22, 2018, 

Parliament to debate budget rebalance

Parliament to debate budget rebalance

Skopje, 17 July 2017 (MIA) - Macedonian Parliament begins Monday debate on proposed rebalance on 2017 budget.

The Budget rebalance proposed by the government is on the agenda of the parliament’s Finances and Budget Committee.

The budget rebalance foresees deficit to remain at 2.9% of GDP, and growth to amount 2.2% instead of the initially projected 3% by the former government and projected 2.8% by the World Bank, or 2.7% by the NBRM.

All non-productive costs of the government and all government institutions, such as business trips, entertainment expenses, economic promotions and advertising are being reduced by more than 10%. Supplementary Budget will permanently resolve the issue of redundant workers, subsiding the minimum wage, so as for it to amount Denar 12 thousand, as of September 1 and funds are provided for the abolition of the broadcasting fee.

Total revenues are projected at Denar 184.7 billion, expenditures at Denar 203.3 billion while the budget deficit is projected at Denar 18.6 billion i.e. 2.9% of GDP.

EUR 9 million will be used for the active policies and measures aimed at supporting new employments, mainly of the young people and the “Guarantee for Young People” project as part of this government’s Programme, by which every young individual in the country will be offered either employment, additional education or practice and training, so as to be competitive on the labour market and willing to stay and work in his native country Macedonia.

Around Denar 135 million will be intended for supporting the small and medium-sized enterprises, as well as the domestic Greenfield investments.

The modifications and amendments to the budget include Denar 500 million for supporting the attraction of donations from the IPA Programme so as to intensify the activities supported by the EU in pre-accession period of our country with respect to the Euro-integration. sk/09:35


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