Skopje, 16th December 2013 (MIA) – Capital investments as the most significant component in the 2014 Budget are projected at Denar 22,377 million, being by 11% higher in relation to this year.

This was pointed out by Deputy Prime Minister and Minister of Finance, Zoran Stavreski, elaborating the 2014 Draft Budget to the Members of Parliament in the Parliament, adding that total investments in the capital projects will amount to EUR 525 million if the envisaged investments in the budget of the Public Enterprise for State Roads are also taken into consideration.

This would mean that EUR 525 million will be available, which will intensify the development, Stavreski said, adding that the construction of the highways Kicevo-Ohrid and Stip-Sveti Nikole will start and the realization of large number of regional roads will continue.

He pointed out that in addition to the expenditures for the road infrastructure, projects in the railway structure are also envisaged, such as the continuation of the reconstruction of the railroad tracks along Corridor 10, commencement of the project for construction of railroad tracks to Bulgaria. In addition, funds are envisaged for projects in the utility and energy structure, such as construction of the national gas pipeline network, afterwards water supply systems in almost all municipalities and similar. In 2014, construction of technological and development industrial zones will continue to be supported. As for health sector, capital investments in the amount of EUR 1.9 billion are envisaged, and construction of Clinical Centers in Skopje and Stip, as well as completion of the Clinic Center in Tetovo will be of crucial importance.

Capital investments together with the foreign direct investments and the export therefrom were main generators of economic growth in 2013 and they are included in the 2014 Budget as well, on the basis of which, as Deputy Prime Minster said, sound economic performance can be expected.

He also stressed that through the new EUR 100 million the Government provided from EIB will contribute to better performance of Macedonian enterprises. Next year, projection is that the growth will account for 3.2% and that in expectation of better conditions in Europe, it can be even higher.

Also available in: Macedonian

Comments are closed.

Close Search Window