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 from the eurobond will be used for servicing maturing debts at the end of the year.

Tevdovski informed that the Sector for Budget at the Ministry of Finance is already working on preparing a rebalance of the budget, that maybe will help even earlier than September.

The Public Debt, according to the Minster of Finance, is already more than 50% of the GDP.

The first large amount for repaying a loan will arrive in January next year (90 million of euros), but according to Tevdovski, 2020 and 2021 are more critical when more than 1 billion euros will mature.

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