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Government of North Macedonia Expects Economic Decline of 3.4% 

Oct 2020 | Source: BETA
Government of North Macedonia Expects Economic Decline of 3.4% 

Speaking on a show on TV 24, Finance Minister Nina Angelovska announced that the Finance Ministry was preparing a budget revision. Speaking on a show on TV 24, Finance Minister Nina Angelovska announced that the Finance Ministry was preparing a budget revision. The budget is liquid for meeting its basic obligations. It is going normally, the subsidies have been paid, VAT returns are 26% higher than last April, salaries, pensions, welfare are going normally, said Angelovska, adding that the revision process is under way. In general, the current challenge is uncertainty, she underscored. The challenge is to start from more realistic projections of revenue on the one side and expenditures on the other. The Finance Ministry predicts a decline of 3.4%, added Angelovska. 

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