PARLIAMENT ADOPTS BUDGET 2007
admin1 – December 29, 2006 – 1:54pm

The Macedonian Parliament adopted the Budget for 2007 projected at 112.02 billion denars (about 1.82 billion euros), thus being the largest budget ever. Revenues have been projected at 108,623,000,000 denars, and the deficit at 3,394,000,000 denars, or one percent of GDP.

The Budget was approved with 60 votes in favor, 18 votes against and no abstentions. According to the governing parties, the Budget can stimulate growth and create conditions for a serious economic development through a completely different business climate in Macedonia. The Budget 2007 did not meet the expectations of the parliamentary group of SDSM, which voted against.