• Thursday, 12 December 2024

MPs to discuss supplemented draft-Budget

MPs to discuss supplemented draft-Budget

Skopje, 10 December 2024 (MIA) - The Parliament is set to begin Tuesday the discussion on the supplemented draft-Budget for 2025.

The amendment discussion on the draft-budget was completed on November 29, and the supplemented document incorporates the amendments that were accepted during the debate. The discussion on the supplemented draft-Budget is scheduled to last for a maximum of five days.

The draft budget projects economic growth at 3.7 percent and, according to the Government, it is developmental, covered by planned funds for capital investments, municipal projects, and support for the economy.

Revenues are projected at Mden 358 billion (EUR 5.81 billion), whereas expenditures stand at Mden 400 billion (EUR 6.49 billion). The budget deficit is projected to total Mden 41.35 billion, or 4 percent of the planned GDP. 

Inflation is expected to decrease to 2.2 percent as a result of the stabilization of prices for basic food products and energy on the international market, the slowdown of foreign effective inflation, and more moderate pressure from core inflation. Exports are projected to rise by 4.2 percent, and imports by 4.4 percent.

MIA file photo