Parliament Resumes Budget Revision Debate

Jerusalem, 2 November, 2020 (TPS) -- Skopje, 2 November 2020 (MIA) – Parliament is set to resume on Monday a plenary session to discuss the revised 2020 budget.

According to the Rules of Procedure, the revised budget debate can last up to 5 days. Today is day 4 of the debate.

MPs are debating a second revision of the budget in 2020 to mitigate the effects of the coronavirus crisis and provide support amid the second wave of the virus.

The revised 2020 budget proposal provides funds for the implementation of the fourth set of anti-crisis measures.

The total revenue to the 2020 budget is planned at a level of Mden 196.3 billion, the total expenditures are planned at a level of Mden 252,8 billion, i.e. 5.5 percent higher compared to the revised budget.

Based on such revenues and expenditures, the deficit stands at Mden 56.6 billion, i.e. 8.5 percent of GDP. Current transfers are projected at Mden 177.3 billion, a Mden 11.2 billion increase compared to the 2020 plan, relating to measures within the fourth set of economic measures in the fight against the coronavirus pandemic, used for direct support of private consumption.