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Tevdovski: The budget for 2018 is being prepared, unproductive costs will be cut


       

“We are preparing the budget for 2018 and we are making the macroeconomic projections more precise”, said Minister of Finance, Dragan Tevdovski, in an interview with Sitel TV.

He added that next year could be expected higher economic growth than this year. He announced that the next year the non-productive costs will be reduced, as he pointed out, to give a chance to those productive activities that will have a multiplicative effect and will move the economy.

“The condition of the budget is improving. Gross income from Value Added Tax (VAT), which is most of the budget, increased in July. On time, the budget services the obligations towards the citizens and the companies”, said Tevdovski.

According to him, the increase of the minimum wage will have an impact on the economy.