The parliament passed the revision of 2013 budget, which envisages raising the budget deficit target to 3.9% of GDP from 3.6% of GDP (MKD 17.7bn or EUR 288mn) until now, Kanal 5 TV broadcaster reported. The revision was supported by 58 lawmakers in the country’s 123-seat parliament. The MPs from the biggest opposition party SDSM did not vote. The opposition did not submit any amendments either.
The deficit will rise due to increases in planned expenditures, including additional amounts for the pension and disability insurance fund and the ministry of education and science. There are no significant changes in the other items of the budget.
The balance of the central government budget showed a deficit of MKD 15.8bn in Jan-Sep 2013. The nine-month gap is equal to 3.2% of the projected 2013 GDP and compares with a deficit of MKD 12bn in Jan-Sep 2012. Total budget revenues dropped 2.7% y/y in real terms to MKD 103bn in the first nine months of this year, while total expenditures rose by 0.5% y/y to MKD 118.8bn.
International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more
Macedonian MPs started debating a no-confidence motion filed by the opposition VMRO-DPMNE party against the government on April 11. The opposition party accused the government of increasing crime and ... more
Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more