N. Macedonia's budget gap more than doubles in Jan
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North Macedonia's budget was in deficit of MKD 2.7 billion (USD 53.4 million) in January, compared with a MKD 1.2 billion gap in the same month last year, SeeNews reported citing Finance Ministry data.
Consolidated budget revenues totaled MKD 14.8 billion January, compared to MKD 15.6 billion in January 2020, as tax revenues fell to MKD 50 million from 103 million.
Total expenditures rose to MKD 17.5 billion in the month under review, compared with MKD 16.8 billion in the same month the previous year. At the end of 2020, North Macedonia's budget was in deficit of MKD 53.9 billion, against MKD 13.6 billion gap at the end of 2019.
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