With the corrections made by the Government and the initial measures to reduce the VAT on fuels from 18 to 10 percent and the possibility of reducing the excise tax, it has been impossible for inflation to double that for March, which is expected to be between 4.5 and 5 percent, said Macedonian Prime Minister HristijanMickoski on Tuesday.
The PM indicated that the Government was carefully analyzing the situation and expects to propose new measures for certain target groups of citizens and certain products at the next government session, after the Easter holidays. And those measures, as he noted, would be combined with a reduction in the value added tax, but also with a limitation of the profit margin.
“With the corrections we have made and with these initial measures to reduce VAT and the possibility of reducing excise duty, we have halved the possibilities for inflation to be twice as high as that expected by international financial institutions. Based on our calculations, we expect inflation to range between four and a half and five percent in March. We will have an increase. That increase was visible in the second half of March. We will conduct analyses and of course we will make a decision on how and what to do next,” said PM Mickoski.
