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120 million Euro Cut to the Budget of fYROM

April 9, 2012

Source: Imerisia, 09.04.2012 (translated from the Greek)

The government will adjust the budget of fYROM by 5%, declared the Finance Minister, Zoran Stavreski.

The Government of fYROM will adjust the budjet of the country by 5%, declared the Finance minister Zoran Stavreski. As is known the budget of fYROM for 2012 is about 2,75 billion Euros and with the adjustment it will be reduced by about 120 million Euros.

The main reasons for this reduction, according to mr Stavreski, are the negative developments in countries of the Eurozone and the reduction of public revenue of the country during the first trimester of this year by 9% compared to predictions.

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