Friday, December 29, 2006

Parliament adopts 2007 Macedonian Budget

Skopje, December 29 (MIA) - Parliament adopted Friday the 2007 Budget of the Republic of Macedonia with 60 votes in favour to 18 against and none with abstention.

The 2007 Budget of the Republic of Macedonia is in amount of 112 billion and 17 million denars, whereas 108 billion and 623 million denars are envisaged for income and 3 billion and 394 million denars are envisaged for the deficit i.e. 1% of the GDP.

Main feature of the budget policy for 2007 is rational expenditure of budget resources in order to achieve fiscal sustainability in a middle-term period.

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