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The Finance and Budget Commission completed the general debate on the budget revision for the year 2024 in the afternoon, and the Commission’s session will continue on Monday with an amendment debate. Throughout today’s third day of discussions, accusations could be heard from the representatives of the ruling parties that the previous government left a huge budget hole, which, as they said, will still be covered by responsible management. The opposition, on the other hand, accused the new government of not understanding the needs of the citizens.
The Government’s Rebalance Plan
The government has recently proposed a rebalance plan to address the country’s financial crisis. This plan is seen as a crucial step to prevent bankruptcy and kickstart a new era of economic growth.
Government’s Vision
The Minister of Finance, Gordana Dimitrieska-Kochoska, has outlined the government’s vision for the rebalance plan. It includes a strong focus on investment, fighting crime and corruption, and restoring stability to the country.
Opposition’s Criticism
However, the opposition has criticized the government, claiming that it is in total chaos and lacks the capacity to implement reforms effectively. They argue that the government has failed to deliver on its promises and is unable to bring about real change.
Debate and Amendments
The debate on the rebalance plan lasted for three days, with 58 proposed amendments to be discussed over the next six days. It is clear that both the government and the opposition have strong opinions on the best way forward for the country.
Revised Budget Plans and Economic Projections
According to recent reports, the budget has been revised to reflect the current state of affairs in the country. As stated by Dimitrieska-Kochoska, funds have been allocated for all necessary payments in accordance with the law. Total revenues in the budget rebalancing are projected at 318.2 billion denars, with expenditures at 362.8 billion denars. GDP growth is projected at 2.1 percent, inflation at 3.5 percent, and the budget deficit at 4.9 percent.
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