Monday, 18 December 2017 | News today: 14

Macedonian Parliament approves changes to 2016 budget

Parliament

With 55 votes in favor and 23 against, Macedonian Parliament approved on Friday the proposal to rebalance the 2016 budget.

During the debates held these past days, members from the ruling coalition announced they will vote to support the rebalancing, while the opposition SDSM party said it is against it and demanded that the Government stops the euro denominated bond auction which eventually sold bonds worth 450 million EUR.

The rebalancing reflects on lower than expected growth rates of 2,6 percent of GDP (down from the original estimate of 4 percent). Total revenue is now projected to reach 174,2 billion denars (2,8 billion EUR) and spending will reach 195,4 billion denars (3,1 billion EUR).

Parliament will also discuss the annual report of the Judicial Council, proposals to appoint members of the Council, the Council of Public Prosecutors and the Postal Agency, as well as on the proposals to ratify treaties with Serbia, Itay and Vietnam, and changes to laws on healthcare, construction, administrative officials and other bills