Tag: budget
Economy 21.05.22 | 18:39

VMRO-DPMNE: Proposed budget changes will only add to the inflation and the economic downturn

VMRO-DPMNE reacted to the changes to the 2022 budget, that are being proposed by the DUI – SDSM coalition. According to the opposition party, which is blocking what it refers to as “harmful legislation” in Parliament, the proposal would only add to the economic chaos and backsliding. Macedonia...

Economy 15.03.22 | 10:08

Finance Ministry will again cut infrastructure spending as economic crisis deepens

Finance Minister Fatmir Besimi announced that the coming changes to the 2022 budget will include the typical move of the Zaev – Kovacevski governments – further cuts in infrastructure spending. It is clear that the key infrastructure projects, whether it is roads, railways, healthcare projects,...

Macedonia 15.11.21 | 16:08

Attempting to rule without majority in Parliament, SDSM asks for support from VMRO-DPMNE to adopt the 2022 budget

After the strongman tactics used last week to ensure the survival of the Zaev Government, SDSM now asks VMRO-DPMNEto help them adopt the 2022 budget. SDSM doesn’t have majority after the BESA party left its coalition and Zaev is frantically trying to bring another smaller Albanian party – Alternative...

Macedonia 15.11.21 | 12:13

After last week’s chaotic events, Parliament now tries to adopt the 2022 budget

After the chaotic events of last week, the Macedonian Parliament is expected to try to resume work today, as the Zaev regime is desperate to adopt the 2022 budget. Last Thursday, an opposition member of Parliament Kastriot Rexhepi, from the BESA party, was apparently kidnapped to prevent him from attending...

Economy 13.11.21 | 11:27

Amid the growing political crisis, Finance Minister Besimi asks the Parliament to approve the 2022 budget

As the Zaev Government is left without an effective majority in Parliament and was apparently reduced to forcing an opposition member of Parliament to avoid the vote of no confidence on Thursday, Finance Minister Fatmir Besimi said that the Parliament must find the votes to adopt the 2022 budget. Failure...

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...

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