The state budget is stable and budget liquidity was never put into question during the crisis, Finance Minister Fatmir Besimi said Tuesday.
“The budget is according to the projections and the financing of all obligations goes according to plan. February revenues are expected to be better compared to last year, meaning we have a solid trend of revenue realization suggesting that economic activity is slowly rebounding. We hope economic activity after the second quarter will slowly return to the new normal and to conclude the year with a positive growth rate of 4.1% as planned,” Besimi said answering reporters’ questions after a meeting at the Economic Chamber of Macedonia.
According to him, liquidity in the economy has been increased with the measures the country has taken to cushion the blow from the crisis.
“We’ll continue taking measures. According to all projections, we strive to end the year with a positive economic results, meaning a GDP growth,” the Minister said pledging that draft-measures would be put forward in the future so as to improve the condition of the economy.
Asked about the issuance of the Eurobond, Besimi said it is planned under the budget, where it was defined how much of the budget expenditures will be covered by domestic and foreign debts.
He welcomed the country maintaining its credit rating. “It proves the economy is in good shape with a prospect the country to have a stable, sustainable and accelerated growth post pandemic,” Besimi stated.
