The Macedonian Parliament approved the 2024 budget revision with 67 votes in favor, seven against, and none abstaining.
With the budget revision, total revenues are projected at 318.2 billion denars, which is 2.6 percent more than the initial projections. Total expenditures are projected at 362.8 billion denars, or 5.6 percent more than the initial projections. Capital expenditures are planned at approximately 44.7 billion denars, and the deficit is projected to be 44.7 billion denars, increasing from the initially planned 3.4 percent to 4.9 percent of GDP.
It secures over 4.2 billion denars for salaries, 5.1 billion denars for pensions, 800 million denars for recipients of guaranteed minimum assistance, 1.7 billion denars for health care protection, one billion for TIDZ, 1.7 billion for subsidies in agriculture, 437 million for student meal and 207 million for scholarships, as well as six billion denars for projects in municipalities.
With the budget revision, the economic growth rate has been revised to 2.1 percent from the previously projected 3.4 percent, while the inflation rate is projected to be 3.5 percent.
