Macedonia’s finance ministry mulls revision of 2018 budget

By bne IntelliNews September 26, 2018

Macedonia’s finance ministry will decide whether to revise the 2018 state budget on September 28, media reported on September 25 citing Prime Minister Zoran Zaev. 

Macedonia plans a budget deficit of 2.7% of GDP in 2018, down by 0.2pp from a year earlier, based on an economic growth forecast of 3.2%.

“I think there is no need for budget revision as we do not have new needs that should be realised, but the finance ministry should express its opinion,” Zaev was cited by state-run news agency MIA.

According to the latest finance ministry data, Macedonia's central government consolidated budget deficit narrowed 30% y/y to MKD7.5bn (€121.9mn) in the first seven months of 2018.

The gap was equal to 41.1% of the total gap planned for this year. 

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