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N. Macedonia's Jan-May budget gap narrows to 8.4 bln denars (136 mln euro)

N. Macedonia's Jan-May budget gap narrows to 8.4 bln denars (136 mln euro) Toshe Ognjanov/Shutterstock.com

SKOPJE (N. Macedonia), June 27 (SeeNews) - North Macedonia posted a budget gap of 8.4 billion denars ($144.2 million/136.2 million euro) in the January-May period, compared with a 11.9 billion denars deficit in the same period last year, finance ministry data showed on Monday.

Consolidated budget revenues totalled 95.8 billion denars in the January-May period, compared with 83.6 billion denars in the like period of 2021, as tax revenues rose to 787 million denars from 373 million denars, finance ministry figures showed.

Total expenditures rose to 104.3 billion denars in the review period, compared with 95.5 billion denars in the like period of 2021.

In May alone, the budget was in deficit of 3.8 billion denars, compared with a 5 million denars gap in the same month last year.

At the end of 2021, North Macedonia's budget was in deficit of 38.8 billion denars, compared with a 53.9 billion denars gap at the end of 2020.

North Macedonia's government has projected a budget deficit of 33.5 billion denars in 2022, equivalent to 4.3% of the estimated gross domestic product (GDP).

(1 euro = 61.67 denars)

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