ministry of finance

Angelovska: Progressive tax is not scrapped, focused on designing a fair, efficient and comprehensive solution

Progressive tax is not scrapped, but put on hold. Efforts in the coming period will be focused on designing an optimal solution, a fair, efficient and comprehensive one, North Macedonia’s Finance Minister Nina Angelovska told the public broadcasting service. The minister of finance added that the government’s decision on progressive taxation demonstrates sobriety and decision-making […]

Popovski on “freezing” fair tax: Such measures are taken only by far-right governments

University Professor Nikola Popovski, former senior SDSM official, views the government’s move to “freeze” progressive taxation as wrong. He says such measures are only taken by far-right governments, although the headquarters on Ilinden Street, according to him, was under pressure in this case from just a small group of people burdened with taxation. Popovski says […]

FM Angelovska: Allocation of public revenues for citizens and strong support for business

Newly appointed Finance Minister Nina Angelovska elaborating the proposal for amending the budget before lawmakers, said it provides allocation of greater share of public revenues to citizens, direct investment in people’s needs and potentials and strong financial support for business to create new jobs as well as payment of higher salaries in the private sector […]

Government to review the 2019 Budget

The country’s 2019 Budget prepared by the Finance Ministry, headed by the new Finance Minister Nina Angelovska, is set to be reviewed at a government’s session today. Prime Minister Zoran Zaev said on Monday that preparations to review the 2019 Budget were in the final stage and it was designed to support capital projects and […]

New Finance Minister Nina Angelovska takes over post

Nina Angelovska is taking over on Monday as the new Finance Minister.  Angelovska met with Deputy Finance Minister Shiret Elezi and State Secretary Julijana Petanovska. Talks focused on ongoing activities at the Ministry of Finance.  Nina Angelovska graduated cum laude from the Faculty of Economics at the Skopje University, where she finished a degree in […]

Zaev withdraws from the post of finance minister

Prime Minister of North Macedonia Zoran Zaev has withdrawn his proposal to act as finance minister. “The Constitution and the law do actually permit the prime minister to hold the minister post, but given the debates that this issue has sparked, we need to hear the state commission for the prevention of corruption, the opposition […]

Tevdovski: The Ministry of Finance is fully committed to reforms

North Macedonia’s Finance Minister Dragan Tevdovski, commenting on the likely change of officials announced for the central and local government, said he was satisfied with the reforms implemented within the Ministry and its bodies, which, he added, were fully committed to reforms. “The Ministry of Finance is fully committed to reforms, and digitalization of processes […]

Tevdovski: The Government’s main priority is the salary increase

The Government’s main priority is the salary increase and that is why we undertake series of measures in this regard, including the increase of the minimum wage but also establishment of a legal mechanism for its regular alignment, said North Macedonia’s Finance Minister Dragan Tevdovski in an interview with Radio Free Europe. Finance Minister Tevdovski […]

World Bank Executive on an official visit to North Macedonia

World Bank Executive Director Koen Davidse is on an official visit to the Republic of North Macedonia on March 11th and 12th. Aside from his meeting Finance Minister Dragan Tevdovski, Davidse is to meet other country’s high officials. Davidse is scheduled to meet PM Zoran Zaev, Deputy PM Kocho Angjushev, central bank governor Anita Angelovska-Bezoska and […]

Tevdovski: Progressive tax to be introduced for income over MKD 90,000

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 […]

Tevdovski: Budget review ensures about EUR 50 million in financial support for municipalities

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, […]

Tevdovski: The budget rebalance will improve the financial situation of the municipalities

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 […]

Tevdovski: Budget rebalance will not affect the construction of the Skopje-Blace highway

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 […]

Tevdovski: ‘Serious growth’ in average monthly salary

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 […]

Tevdovski: Budget spending available to citizens by year-end

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 […]

FM Tevdovski: 72 projects in 41 municipalities have been implemented from 2017 to 2018

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 […]

Tevdovski: US$33,4 million in grants for construction of kindergartens

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 […]

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