Government Announces Budget Deficit Correction Ahead of Upcoming Session
The government intends to reduce the budget deficit for the next quarter following a decision to cancel previously allocated capital investment financing for consumption. The announcement was made on June 22nd at 14:32 by Minister of Finance Gordana Dimitrievska Kochoska. Kochoska stated that the budget deficit will experience an upward correction due to this cancellation.
A scheduled budget session is planned for June 22nd at 2:32 pm to review the revised figures. The minister emphasized that the cancellation of capital investment, which she believes aligns with the Budget Law, is a key factor in addressing the deficit. The government’s strategy involves a complete cancellation of the budget deficit, aiming to achieve this through the removal of previously approved funding for consumption.
The upcoming session will provide an opportunity to examine the projected changes to the budget and discuss the implementation of the revised capital investment plan. The focus remains on managing the budget and ensuring adherence to established legal frameworks. The next regular budget session will be held on June 22nd at 2:32 pm.
Topics: #budget #deficit #next
