| Macedonias central government budget balance was a deficit of MKD 1.4bn (EUR 23.2mn) in January, which compares with deficits of MKD 946mn in December and MKD 667mn in January 2011, according to data of the ministry of finance. The full-year deficit target for this year is MKD 12.4bn or 2.5% of projected 2012 GDP. In January, total budget revenues dropped by a real 3.3% y/y to MKD 10.4bn, while total expenditures increased by a real 3.6% y/y to MKD 11.8bn. Tax revenues decreased by a real 3.5% on the year to MKD 6.2bn. The performance across the various types of taxes was mixed in January. Positive annual real growth was reported for personal income tax (10.1% to MKD 664mn), profit tax (15.8% to MKD 174mn) and import duties (14% to MKD 263mn). Negative annual real growth was reported for VAT (down 8.1% to MKD 3.5bn), excises (down 2.3% to MKD 1.4bn) and other taxes (down 1.4% to MKD 311mn). On the expenditure side, capital expenditures soared by a real 43.5% y/y to MKD 1.7bn in January. |
Related Articles
Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.
Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more
Macedonia cancels tender for gas distribution network feasibility study.
The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more
Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.
Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more