Skopje, 29 October 2024 (MIA) – The proposed state budget for 2025 will be discussed by the government at a session on Tuesday, announced Prime Minister Hristijan Mickoski.

Speaking to members of the media, Mickoski said indicators have been improving and works on major infrastructural projects have been accelerating. It is a good thing, he noted, that there is no drastic increase in deficit and that there has been levelling with capital investments. 

“Capital investments are around 50 billion denars, including 32 billion from the main budget and some 80 billion from loans and programs that are ongoing or are due to be taken. I believe budget deficit is close to 41-41 billion denars. It is a good thing that this year there is no drastic increase in deficit, capital investments and budget deficit are gradually levelling. They are about 300-400 million euros and I expect them to come very close to being the same level by the end of the year. As you know, we inherited three times more budget deficit compared to capital investments, but in a few months, the government and the Finance Ministry managed to consolidate it,” stated Mickoski. 

Implementation of major infrastructural projects is accelerated. “Works are accelerated, debts are being paid. There is about 20 billion in rising revenues. The indicators in the past few months are good,” Mickoski said before the opening of the first Annual Bloomberg Adria Conference in Skopje.

The 2025 budget will be developing, but the social component will not be abandoned either. Capital expenditures will be projected at over 44 billion denars and projections for budget deficit and GDP growth are laid out in the Fiscal Strategy, Finance Minister Gordana Dimitrieska – Kochoska has announced.

It is a developing budget, she said, because a rising development will enable better living standards for everyone.

MIA file photo