Government Proposes Rebalanced Budget

News: The Macedonian government proposed a rebalanced budget in the parliament on July 23, which anticipates increased spending and revenue of EUR85mn (USD93.0mn) and EUR58mn (USD63.5mn), respectively. The total proposed budget is estimated at EUR3bn (USD3.3bn). Minister of Finance Zoran Stavreski stated that the revised budget has been designed to enhance development while noting that the country can afford to increase spending as it collected around 14% y-o-y more revenues in H115. The...

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