Macedonia H1 budget gap widens 4.1%

The six-month deficit totalled 8.05 billion denars ($169 million/131 million euro), up from 7.73 billion denars a year ago, the finance ministry said in a report posted on its website.

In the January-June period, budget revenues totalled 66.9 billion denars, down 0.8% from a year earlier, while expenditures amounted to 74.98 billion denars, down 0.3% on the year.

Macedonia targets a budget deficit equivalent to 2.5% of GDP in 2012, flat on the year.

(1 euro = 61.5050 Macedonian denars)