• Sunday, 06 October 2024

Gov’t approves amended 2022 draft-budget, back for adoption in Parliament

Gov’t approves amended 2022 draft-budget, back for adoption in Parliament
Skopje, 4 December 2021 (MIA) – The Government at Saturday’s session approved amendments to the 2022 draft-budget of North Macedonia, following debates in parliamentary committees. The amended 2022 draft-budget now returns to Parliament for adoption at plenary session. According to the Government, of the total number of amendments, 23 have been approved in the amount of Mden 382 million. “In addition, the Government of the Republic of North Macedonia at today’s session, at the proposal of the Ministry of Finance, adopted the following amendments to next year’s budget: Increasing the funds in the Ministry of Information Society and Administration in the amount of Mden 250 million for implementing program activities of the Macedonian Radio Television; increasing the funds in the Constitutional Court of the Republic of North Macedonia in the amount of Mden 1 million for election of new judges; increasing the funds in the Finance Police in the amount of Mden 1 million for vehicle purchase obligation, as well as other,” reads the press release. The Government also approved the text of a draft-decision on redistribution of funds between budget users of the central government and between Funds, with a conclusion that it should be submitted for adoption to the Parliament of North Macedonia. In addition, the Government adopted the revised Fiscal Strategy of the Republic of North Macedonia for 2022-2024 (with prospects until 2026), as a key instrument in medium-term budget planning and in creating the medium-term fiscal framework. According to the Government, the revised 2022-2026 fiscal strategy is in line with the practice of developed countries and necessary due to changes occurred in 2021 in terms of macroeconomic and fiscal parameters. The Government also adopted the Revised Strategy for Public Debt Management of the Republic of North Macedonia for 2022-2024, with a projection until 2026, which determines the amount of public debt in the medium term, the maximum amount of net borrowing in the first year of the strategy, the maximum amount of newly issued government guarantees in the first year to which the strategy and the structure of the government debt refer.