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FYROM: Macedonian Parliament adopts 2011 draft-budget

13. December 2010. | 15:15

Source: MIA

MPs debated the draft-budget for three days, which in accordance with the new Parliament's Rules of Procedures can be debated for five days.

Macedonia's Parliament passed Saturday the supplemented draft-Budget for 2011.

During the debate, opposition deputies said the planned deficit for 2011 was "dangerous", because 2010 debts were likely being transferred, which had not been taken into consideration in the deficit.

Vice PM and Finance Minister Zoran Stavreski stated that IMF would not grant a credit to Macedonia without being sure that the country would conduct sound fiscal policy in the future.

Stavreski has elaborated the budget, saying the macroeconomic scenario that represents the basis for the budget projections are the expected stabilization of the external demand and recovery of domestic demand through a balanced, moderate growth of investments.

According to him, the economy should rise by 3.5 percent in 2011. Revenues are projected at Denar 148,4 billion (EUR 2,43 billion), with the deficit at 2.5 percent of the GDP, funded by external sources.

MPs debated the draft-budget for three days, which in accordance with the new Parliament's Rules of Procedures can be debated for five days.

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