Tag: budget
Macedonia Economy 08.06.21 | 23:43

Government asks Parliament to allow the 2021 deficit to spike to 757 million EUR, or 6.5 percent of GDP

The Government today adopted a proposed rebalancing of the 2021 budget, which increases the deficit projection to 6.5 percent of GDP, with 334 million EUR in additional spending – only half of that offset by new revenue projections. Spending is projected to grow by 21 billion denars, or 344 million...

Macedonia Economy 21.12.20 | 17:21

Dimitrieska on Zaev’s Plan 21: Recycling of old promises and self-interested focus on marijuana legalization

VMRO-DPMNE official Gordana Dimitrieska Kocoska responded to Zoran Zaev’s press conference today and the 2021 budget proposed by his SDSM party, by denouncing it for its lack of infrastructure investments, the recycling of old promises and the corrupt focus on legalizing marijuana. Zaev promised...

Macedonia Economy 20.12.20 | 23:16

Nikoloski on the 2021 budget: Record spending on administrative salaries, while infrastructure spending is set to the side

VMRO-DPMNE Vice President Aleksandar Nikoloski strongly criticized the proposed 2021 budget for what he said are its unrealistic projections and the meager investment in infrastructure. Nikoloski pointed to the fact that the budget provides tax revenue of 1,91 billion EUR, a little above the 2019 collection. What...

World 10.12.20 | 23:16

EU leaders reach agreement on their stalled budget

European leaders reached agreement on the seven year budget that was held back by countries who insisted to use it as pressure tool against Poland and Hungary and their conservative leaderships.  Agreement on the nearly two trillion EUR budget was announced by the German presidency, and it’s widely...

Macedonia 30.11.20 | 15:20

VMRO proposes amendments that will help reduce air pollution to the 2021 budget

VMRO-DPMNE representatives in the Parliament have submitted amendments to the 2021 budget demanding urgent policies to reduce pollution. Timco Mucunski from VMRO-DPMNE said that this is a crisis issue which is costing lives and presented a report from the O2 organization which the amendments are based...

Macedonia Economy 30.11.20 | 09:07

Parliament will attempt to discuss the 2021 budget

The Parliament is scheduled to resume its discussion on the proposed 2021 budget. Its adoption hinges on the opposition, which submitted 500 amendments, and could obstruct the opening of the session. The ruling majority has only 62 votes, and is often unable to put together the 61 votes needed to begin...

Macedonia Economy 11.11.20 | 17:14

Four billion – in 2021 we will have the biggest budget ever

The Zaev Government announced it has finalized its 2021 budget that it will now submit to the Parliament. It provides for total spending of 4,024 billion EUR, making it the biggest budget in Macedonian history, at least in its initial projection (the 2020 budget may surpass this figure). Revenue is projected...

Macedonia Economy 10.11.20 | 18:34

After proposing record deficit setting 2020 budget amendments, Zaev’s Government now prepares the 2021 budget

Fresh out of the protracted process of amending the 2020 budget, which pushed the deficit to just under a billion – an unprecedented figure which drove the Macedonian public debt near 60 percent – the Zaev Government is now planning to put the 2021 budget before the Parliament. Zaev has only...

Macedonia Economy 04.11.20 | 09:18

Parliament adopts amendments to 2020 budget set to explode the deficit

The Macedonian Parliament adopted the amendments to the 2020 budget that will blow the deficit to nearly a billion EUR and push the debt to nearly 60 percent of GDP. The amendments provide 65 million EUR to boost salaries of employees in companies that are struggling with the coronavirus crisis, and...

Economy 02.11.20 | 17:42

Sajkoski: This is the largest budget in the history of Macedonia, and no one knows where 4 billion will go

MP Gjorgjija Sajkoski from VMRO-DPMNE during the debate on the second budget review at the parliamentary session reminded of the promise of Prime Minister Zoran Zaev that “this budget will be the most developed, that the central place will be caring for citizens,” and pointed out that this...

Macedonia Economy 30.10.20 | 19:32

Unrealistic budget projections will push debt to over 70 percent, Nikoloski expects

The amendments to the 2020 budget are completely misplaced, said VMRO-DPMNE Vice President Aleksandar Nikoloski during the Parliament debate on the proposal that will put Macedonia nearly a billion EUR deeper into debt. Instead of increasing spending on public healthcare, what every other country did,...

Macedonia Economy 05.10.20 | 14:43

Budget amendments will leave the 2020 deficit just below billion EUR

The Government adopted the proposed changes to the 2020 budget, which is being amended for a second time, with the deficit projected to spike to nearly a billion EUR. It now provides that the GDP contraction will amount to 4.4 percent and the inflation rate will be at 1 percent, said Finance Minister...

Macedonia 20.07.20 | 20:33

Investigation into whether politically linked NGO groups received coronavirus grants

The Anti-Corruption Commission (DKSK) said that it is investigating the recent distribution of over half a million EUR to non-governmental groups that took place shortly before the elections. According to DSKS, there are reports that some of the recipients were for-profit groups or are linked to the...

Macedonia 19.06.20 | 22:04

Government cuts EUR 4 million for political parties

The Government adopted Friday a decree on the financing of political parties in 2020, according to which EUR 4 million projected for this purpose will remain in the Budget. Instead of 0.15 percent from the Budget, political parties will get only 0.04 percent, i.e. instead of receiving MKD 320 million...

Economy 17.06.20 | 14:23

With public sector cuts off the table, Finance Minister Angelovska asks the citizens for donations

The Constitutional Court shielded top public sector office holders from the order that they give up most of their salaries for several months as a way of reducing the budget deficit caused by the coronavrus. The Government issued a decree that 2.000 best paid “public servants” are reduced...

Economy 26.05.20 | 23:42

The exceptionally bad state of the budget led to a tense meeting between Zaev and Finance Minister Angelovska, Infomax reports

The Infomax news site reports that a tense meeting between Zoran Zaev and Finance Minister Nina Angelovska took place yesterday. The topic was the exploding deficit in the budget, and the situation was reportedly so tense and Zaev’s approach was so hard that Angelovska couldn’t hold back...

Economy 29.04.20 | 20:09

Slaveski: The Government was spending like there’s no tomorrow

The Government was spending like there was no tomorrow, adding 120 million EUR in new debt in the election year, said VMRO-DPMNE official and former Finance Minister Trajko Slaveski during his press conference today. He pointed to the extraordinarily high levels of spending in the first three months...

Economy 29.04.20 | 13:43

Where did 120 million euros from the budget go: SDSM robbed the state treasury

Where did 120 million euros from the country’s budget deficit go and what were they spent on? This question is of interest to the citizens, who have not seen any benefit from that money. On the contrary, they are getting poorer and barely making ends meet, while SDSM officials are living their...

Economy 28.04.20 | 15:58

Mickoski: Macedonia was heading for a budget crisis even without the pandemic

Even without the epidemic, Macedonia was heading for an economic crisis, with the budget deficit for the first quarter of 2020 twice larger than what it normally is, said opposition leader Hristijan Mickoski. Mickoski pointed to the fact that deficit spending for Q1 is at 120 million EUR, while in a...

Economy 27.04.20 | 21:08

Dimitrieska: The Government is overspending on public sector hiring in the midst of the crisis

Deputy Finance Minister Gordana Dimtirieska – Kocoska warned that budget revenue has dropped by 21 percent in the first quarter of the year and that the deficit is on trac tto be 43 percent greater than projected. Some could argue that it is logical to have a revenue drop at a time like this. But...

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