N. Macedonia's budget gap more than doubles in Jan

Debt

Image by Shutterstock.com

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. 

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.