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Tags Public debt

Tag: public debt

Instead of building new railroad track with “slavery” loan from China, North Macedonia must reconstruct the current railroads

Bigger investments in the reconstruction of the railroad tracks in North Macedonia, meeting the deadlines for the reconstruction projects and raising the maximum travel speed to 120 km/h on the railroad track between Tabanovce and Gevgelija. If these goals are not reached by the government of North Macedonia, the railroad of the Corridor 10 cannot be competitive to the...

Bogov: Macedonian economy is prepared for possible major world financial shocks

The Governor of the National Bank Dimitar Bogov expects a reduction in the budget deficit, stabilization of both, the public debt and the economy during the next period, ready for possible turbulence in the world markets. “By using the favorable conditions for issuing the Eurobond, funds were provided for the middle of the next year, thus avoiding a period of...

Tevdovski: The budget is very thin, but there is enough for salaries and pensions

On the budget’s account concluded on the 31st of May there is 6.5 million euros, and on the foreign exchange account there is 209 millions euros, assets from the eurobond, informed today the Minister of Finance, Dragan Tevdovski. Further, he said that the budget has enough assets for servicing current expenditures and for payment of salaries and pensions. The money...

VMRO-DPMNE: Zaev is lying about the amnesty, the empty budget and the public debt

“Zoran Zaev’s lies will not improve the standard for the citizens. They expect him to fulfill the promises he made before the election, not by manipulation and disinformation to defocus people from the commitments he has made”, said this morning's statement by VMRO-DPMNE. Zaev lied when he said that anyone from VMRO-DPMNE who were in SDS’s recorded conversations, have asked...

SKSM: The Eurobond is to keep the social peace, and not to help develop the economy

The Economic Chamber of North-West Macedonia (SKSM) expressed concern about the state's intention to issue a Eurobond in the amount of 650 million euros and believes that the money is to buy social peace, and not to bring fresh capital to the economy. According to SKSM, the Eurobond will be used to cover current obligations, or for salaries and pensions...

Tomorrow “Colourful Revolution” will protest against the governments new borrowing

The "Colourful Revolution" on Monday, at 19:00, will protest against the Eurobond, which will start outside the Special Public Prosecutor's Office. "Protest! There is no justice when the public debt keeps doubling. Every citizen in Macedonia already owes 2.200 euros, and the regime wants to put everyone in more debt, another 330 euros. This is another desperate attempt by this...

Naumov: By issuing the Eurobond, public debt will exceed 5 billion euros

The decision to issue a Eurobond in the amount of 650 million euros is a financial crime against the citizens, the economy and it will effect future generations to come, condemned Kire Naumov from the SDSM today at a press conference. He said that after the announcement of the issuance of the Eurobond in the amount of 650 million euros,...

Final amount of the budget for 2015 being reported to the Committee on Finance and Budgets

The new Minister of Finance, Kiril Minoski today reported the final sum od the budget for the tear of 2015, before the members of the Parliamentary Commission for Finance and Budget. Total revenue on the budget was 161 million denars, total expenditure 180 million denars, and the deficit amounts to 19 million denars. At the time of the final account for...

The state will borrow a new 59.2 million euros

Today, the state plans to borrow 59.2 million euros from domestic lenders through auctions of 6-month and 12-month bills, and a 10-year bond. Tomorrow, 59.3 million euros have to be returned based on outstanding debts. The public debt is now over 4 billion euros.

Fiti: Income is decreasing, optimism is fading, and projections indicate recession!

It will be necessary to rebalance the budget because income is now decreasing, said the President of MANU (Macedonian Academy for Science and Arts), and academic, Taki Fiti during the Conference “Republic of Macedonia on its journey to the European Union, 2020, Experiences, Challenges and Prospects”. According to Fiti, the new projections from the National Bank for economic growth are...

Bedzeti: The economic part of the report of the EC is one of the most accurate in recent years

The European Commission's economic section is one of the most accurate and precise points which are also painful points in the Macedonian economy, says Professor and former Minister of Economy Abdulmenaf Bedzeti. According to Bedzeti, the report is very clear and unambiguous, with no diplomatic vocabulary and no calculation as to how will be understood, it points out the problems...

The Government takes a 4.4 million euro loan

With the auction of one Treasury bill and two government bonds, the Government of Macedonia received a 4.4 million euro loan. Portion of the money is due in a year’s time and the remainder by 2025 and 2030. According to data from the Finance Ministry, the public debt of Macedonia is 3.92 billion euro, which is 43.7 percent of GDP.

MPs to pass constitutional changes today

The draft amendment for defining marriage as a union only between a man and a woman establishing international financial zones which business and organization will be redefined by law and few more amendments for constitutional changes will be put on today’s agenda of the Assembly. In order the amendments to be adopted, 82 MPs should vote for them. Two of...