MF: The amended rebalancing of the Budget was adopted, more money for health, the environment and infrastructure

Ministry of Finance / Economic Reform Program / Photo: MIA

Twenty-five million denars of additional funds in health, the environment, infrastructure are provided by the additional rebalancing of the Budget for 2022, which was adopted by the Government at a session today, and should be submitted to the Parliament for adoption. The funds were secured through the acceptance of the amendments during the committee discussion in the parliamentary Committee on Financing and Budget following the proposal of the rebalancing of the Budget for 2022. With them, among other things, the problem with the industrial landfill in Yugokhrom is permanently solved, funds are provided for mammograms for the hospitals in Strumica and Negotino, purification of the bed of the rivers Vardar and Tresca, reconstruction of the Moroishki bridge and construction of a roundabout, project documentation for the cultural center Chegrane and others.

The rebalancing of the Budget for 2022 is a response to the crisis, that is, additional intervention is enabled to protect the standard of citizens and the liquidity of companies until the end of the year, in conditions of a prolonged energy and price crisis.

With the amendments and additions to the Budget for 2022, the total revenues are planned at the level of 245,8 billion denars and are 6,9 billion denars higher than the initial projections of the Budget or 2,9%. The total expenditures are planned at the level of 288,5 billion denars or higher by 5,9%, that is, about 16 billion denars more than the initial projections with the plan for 2022. Based on the revenues and expenditures planned in this way, the deficit is planned at the level of 42,7 billion denars, that is, 5,3% of GDP.

With the rebalancing, 19 billion denars more are provided in items related to the implementation of economic measures to support citizens and the economy. Among them are additional financial support of 4,7 billion denars to protect the standard of citizens and the liquidity of companies, 3,2 billion denars to support the agricultural sector, 2,4 billion denars for a guaranteed minimum income, more funds for the anticipated growth of pensions, for salaries in education and childcare, as well as for supporting companies to subsidize contributions to the minimum wage.

Capital expenditures are planned at the level of 32,1 billion denars, with planned investments in reconstructions and modernizations with equipment at public health institutions, capital investments in the field of education, child and social protection, in the field of road, railway and communal infrastructure , fulfillment of contracts in the field of defense and security, as well as an increased amount of funds for rural development, that is, hydro systems, water supply and sewage systems, other water infrastructure.

Economic growth in 2022 is projected at 3,2%, driven by domestic consumption, which is expected to record growth of 3,3%. Gross investments are expected to have a growth of 5%, while in addition to capital budget expenditures, an appropriate contribution is also expected from private investments.

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