Skopje, 29 October 2024 (MIA) - The Government adopted Tuesday the 2025 draft-Budget that Finance Minister Gordana Dimitrieska Kochoska said "sets the foundations for stabilization of public finances and economic growth".

Budget revenues are projected at Mden 358 billion (EUR 5.81 billion), a 13-percent increase compared to 2024, whereas expenditures stand at Mden 400 billion (EUR 6.49 billion), a 10-percent rise compared to the previous budget.

The GDP growth is projected at 3.7 percent, the deficit at four percent, while inflation at 2.2 percent.

The 2025 Budget includes measures for fiscal consolidation and disciplined tax spending, as well as measures and policies to stimulate economic growth.

"We have created a Budget that is set to bring real development. Capital expenditures stand at Mden 50.65 billion (EUR 822 million), which represents a 13-percent growth compared to the budget revision. This is what development is based on, seen in the fact that the amount of capital expenditures is higher than the nominal amount of the deficit," Minister Dimitrieska Kochoska told a press conference.

The current situation, she added, continues to impose the need for savings, but we will be cautious in ensuring the institutions' regular operations and delivery of quality services for citizens and businesses.

Photo: MIA