Macedonian Gov’t Agrees €40m Budget Correction

The decision marks the first correction of the year’s budget although Finance Minister Zoran Stavreski said the reallocation would “result in minimum correction of the expenditure side through reallocation of funds among budget beneficiaries.”

More money is also envisaged for technological-industrial zones, railway infrastructure, healthcare equipment and the environment.

 “The budget is in top condition” Stavreski said, adding that the budget income from taxes this year had increased by 7 per cent in comparison to the same period last year.

The opposition has blamed the government for running the health and pension systems poorly.

Stavreski has said the reallocation preserved the basic parameters of the fiscal policy that were envisaged in the 2011 Budget.