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The government reviews the budge, GDP to fall from 4 to 2,3%

The government reviews the budge, GDP to fall from 4 to 2,3%
Skopje, 27 June 2016/Independent Balkan News Agency

By Naser Pajaziti

Government in FYROM has reviewed the 2016 budget.

Minister of Finance, Kiril Minovski said that the need for this review relates to the change of the GDP projection from 4% to 2,3%.

He said that the change in GDP forecast leads to the correction of forecast for incomes and expenses.

“This review doesn’t threaten salaries, pension and social aid, while capital expenses will see a fall. However, they are 3,8 billion denars higher than the same period last year”, minister Minovski said.

Minovski said that the budget review increases the budget deficit. /balkaneu.com/

 

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