The sole purpose of the new re-balance of the budget is to create conditions and the atmosphere for new borrowing through the Eurobond, and the new Minister of Finance, Kiril Minoski, should know that he bears the responsibility directly by placing his signature on new large debt of the citizens, reads the reaction from the SDSM’s statement on the draft proposal of the re-balance of the budget, which was adopted at a session last night in Government.
“For Minoski, borrowing through the Eurobond is something like a bank guarantee from the National Bank, fresh capital to boost private consumption rather than new borrowing by citizens. Obviously, he has undertaken the job to save his boss Nikola Gruevski when he stated that the in re-balance he plans to make cuts in capital investment, and at the same time that will increase the budget deficit. Perhaps Kiril Minoski should read the website of the Ministry of Finance to see that capital investment since the beginning of this year have had catastrophic results of only 16 percent, and 20 million euros less than this time last year”, reads the statement by the opposition .
The party says that by cutting capital investments and increasing the interest rate by the Governor of the National Bank, Dimitar Bogov, they are putting the economy at risk of recession and all for an increase of less than one percent.
