• Friday, 12 July 2024

Parliament to discuss Budget revision

Parliament to discuss Budget revision
Skopje, 11 July 2022 (MIA) – The Parliament is set to discuss Monday the Budget revision, following the amendment debate in the commission on finances and budget. Total revenues are planned at 245.8 billion denars, 2.9% up compared to the budget’s initial projections. The planned level of tax revenues is up five percent compared to the budget. Total planned expenditures are at 288.5 billion denars, up 5.9% compared to the initial 2022 projections. Salary payment expenditures are projected at 33.2 billion denars, including the new job control effects, public administration optimization, as well as the effect from aligning the pays of employees in institutions using taxpayers’ money with the minimum wage. Under the budget revision, current transfers are planned at 189.7 billion denars, nearly 19 billion denars up compared to the 2022 plan. Moreover, additional 3.2 billion denars will be provided to subsidize farmers in order to stimulate yields and cushion price pressure on basic foodstuffs. Transfers to local self-government units will increase to increase pays for kindergarten and school staff starting from September 2022. Pensions will also rise. The Parliament debate on the Budget revision is set to last five days at most.