Skopje, 13th November 2012 (MIA) – Republic of Macedonia, which unlike all European countries, kept low taxes of 10%, i.e. 0% if reinvested, together with capital investments, makes the development section of the Budget most evident compared to all countries in Europe, Vice Prime Minister and Minister of Finance, Zoran Stavreski said, answering journalist’s question as regards the remarks by the opposition.

According to him, development component of the Budget is included in both revenue and expenditure side.

On the expenditure side, we have capital investments in the amount of around EUR 380 million, being the highest amount in these 20 years as regards capital investments. As we have announced, major infrastructure projects in the field of road, railway infrastructure and energy will be launched. Schools, water supply system, sewerage, hospitals and similar will be built. This is a big contribution to developing the economy, i.e. supporting the companies, Stavreski pointed out.

He went on that, lowest taxes and lowest costs for companies are kept on one hand, while capital investments and increase of pensions and social welfare contribute to supporting the Macedonian economy on the other.

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