With 57 votes ‘in favor’, none ‘against ‘or ‘abstained’, the Parliament adopted the new Law on Public Procurement. The law will take effect starting April. According to the Ministry of Finance (MoF), the new Law on Public Procurement is in line with the EU legislation and will ensure rational spending of state money, free and […]
The Macedonian Government is introducing a progressive income tax, Finance Minister Dragan Tevdovski told a news conference Saturday. MKD 90,000 is the threshold income above which the tax will shift by an additional 8 percent. Minister Tevdovski presented the tax reform saying that most citizens will pay the same tax as before, with the increased […]
The Government adopted the budget review on October 13. Expenditures and revenues decrease by 0.5 percent, the deficit is maintained at 2.7 percent, while economic growth is projected at 2.8 percent. Finance Minister Dragan Tevdovski said in the review elaboration that the adjustments have been made while taking into consideration political developments in the country, […]
The budget rebalance will provide support for 51 percent of the reported, but unpaid liabilities of the municipalities. Three billion denars are projected for schools, kindergartens, cultural centers and other institutions that are under the jurisdiction of local self-governments, Finance Minister Dragan Tevdovski announced today. As Tevdovski pointed out at the press conference in the […]
A draft budget rebalance for 2018, adopted at yesterday’s government session, revises the GDP growth to 2.8 percent, maintains the deficit at 2.7% and cuts expenditures and revenues for 0.5%. The rebalance aims to revise the expenditures, which will provide financial support for municipalities and the health insurance (FZOM), pension (PIOM) funds and the employment […]
Minister of Finance Dragan Tevdovski called Tuesday the average pay increase of 6.1% in June 2018 compared to June 2017 ‘a serious growth.’ “We are satisfied with the fact that there is serious growth of 6.1% in average monthly salary this June compared to the same month last year. The increase was recorded in several […]
Citizens will be able to check the budget spending down to the last penny by the year-end, says Finance Minister Dragan Tevdovski. A platform is being developed along with the civil society and media that will enable the public to see all budget spending. “Financial transparency is meeting its objective. The public can check and […]
Kindergartens, public facilities, water supply networks, local roads are part of the capital investments realized over the past year through the Municipal Services Improvement Project. The Finance Ministry has said that 72 capital projects in 41 municipalities have been implemented through the project from June 2017 up to June 2018. “Over the past year, thousands […]
On the sidelines of the World Bank-IMF Constituency in Croatia, Macedonia’s Finance Minister Dragan Tevdovski had a meeting with his Dutch counterpart Wopke Hoekstra, also attended by World Bank CEO Frank Hemskirk. Tevdovski extended gratitude for the Dutch support of Macedonia’s public finance sector and briefed his colleague about the ongoing implementation of reforms in […]
Finance Minister Dragan Tevdovski announced Monday grants for construction of new kindergartens and overhaul of existing ones. The World Bank project worth US$ 33,4 million would also be used for enhancement of curricula and training of staff in pre-school institutions, as well as for local social services. “The World Bank mission is currently assessing the […]
Macedonia-Germany trade exchange in 2017 amounted to EUR 3,2 billion, of which EUR 2,4 billion exports from Macedonia, a record to date, said Finance Minister Dragan Tevdovski late on Friday. “The positive trend has continued in the first quarter of 2018 with a 16-percent growth in exports, which is an indicator of the Government’s sound policies. […]
Prime Minister Zoran Zaev after Tuesday’s session of the Economic Social Council announced new measure of wage growth. Zaev told press briefing in the government that measure includes direct financial support of 30 percent of the increase in the gross wages of workers in labor intensive industries. Around 15.000 companies and 50.000 workers meet the […]
The European Commission’s recommendation for the Republic of Macedonia to start European Union entry talks will boost investors’ confidence in the country and boost its economic expansion, Dragan Tevdovski said. Macedonia’s economic growth is forecast to accelerate to 3.2 percent this year and 3.5 percent in 2019, after a stagnation in 2017, driven by solid private consumption and very strong […]
SDSM leader and Prime Minister Zoran Zaev, accompanied by party board member and Finance Minister Dragan Tevdovski met in London with Labour Party leader Jeremy Corbyn and vice-president Emily Thornberry. Interlocutors affirmed the joint commitment of one society for all – an inclusive society based on the principles of social justice, fair taxes and support […]
Public procurement should be attractive for beneficiaries, including efficient and simple procedures, not additional burden in operations, heard the first public debate on the new draft-law on public procurement on Wednesday. Public Procurement Bureau director Gjorgji Georgievski said the new law should provide protection from corruption and establish responsibility. A project implemented in cooperation with […]
Ministri i Financave Dragan Tevdovski pret që buxheti për vitin 2008 të miratohet në kohë dhe deputetët e VMRO-DPMNE-së të kryejnë debatin në komisionin amë të Kuvendit. “Besoj fuqishëm se buxheti do të miratohet. Shoh se është bllokuar puna e Komisiont. Për mua është e rëndësishme që të ketë debat, ndërsa personalisht do të isha […]
Të ardhurat dhe hyrjet në Buxhetin e Republikës së Maqedonisë për dhjetë muaj e vitit janë në suaza të pritjeve për këtë periudhë, ndërsa pagesat e shpenzimeve janë realizuar rregullisht dhe në kohë. Këtë e theksoi ministri i Financave Dragan Tevdovski sot duke e elaboruar Propozim-buxhetin për vitin e ardhshëm në Komisionin kuvendor për financim […]
