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N. Macedonia's 10-mo budget deficit shrinks by third

N. Macedonia's 10-mo budget deficit shrinks by third Toshe Ognjanov/

SKOPJE (N. Macedonia), November 25 (SeeNews) - North Macedonia's consolidated budget was in deficit of 23.6 billion denars ($429.5 million/382.7 million euro) in the ten months through October, compared with a 34.8 billion denars gap in the same period last year, finance ministry data showed on Thursday.

Consolidated revenues in the January-October period totalled 178.3 billion denars, higher than 154.6 billion denars in the like period of 2020, as tax revenues rose to 1.1 billion denars from 880 million denars, according to data published by the finance ministry.

Total expenditures rose to 201.9 billion denars in the review period, compared with 189.4 billion denars in the first ten months of 2020.

In October alone, the budget was in surplus 1 billion denars, unchanged compared with the same month last year.

At the end of 2020, North Macedonia's budget showed a deficit of 53.9 billion denars, compared with a budget gap of 13.6 billion denars a year earlier.

A deficit of 46.2 billion denars, equivalent to 6.5% of the estimated gross domestic product (GDP), is projected in the country's revised 2021 budget.

(1 euro = 61.66 denars)