Skopje, 26th December 2012 (MIA) – Today, Ministry of Finance, on the basis of matured government securities returned Denar 1,505 (EUR 25 million) to the economy.

 

This practice, as Ministry of Finance representatives announced, will also continue in the first month next year, when on basis of matured treasury bills, Denar 7 billion (EUR 114 million) will be paid to the economy.

 

Funds collected in the Budget by issuing government securities are again returned to the economy by making payments to those, who purchased the treasury bills or directly by payments of the state to companies on the basis of VAT refund, subsidies to farmers, construction companies for works carried out, construction of schools, hospitals, etc., the press release explains.

International institutions such as the World Bank and the International Monetary Fund gave credit to the fiscal policies of the Republic of Macedonia in this area, assessing it as low indebted country.
 

Also available in: Macedonian

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