Monthly Archives: June 2012

4.5 million from the municipality of Kisela Voda for the monument of Todor Aleksandrov

The Municipality of Kisela Voda allocated 4.5 million MKD from its budget for a 5-foot sculpture of Todor Aleksandrov, who today was set in place “Cheshma” between “Prvomajska” and “Ivan Kozarov” streets. The sculpture called “Macedonian commander on horse” has … Continue reading

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The country spends more than it has

In the last three years, Macedonia reached debt of billion euros, while gross external debt reached 66.7 percent of GDP. Budget deficit of Macedonia for the period of January-March was 4.2 billion or 0.9 percent of GDP. It is a … Continue reading

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Municipality of Centar will borrow 3 million euros for a new multi-storey garage

Municipality of Centar plans to borrow 3 million euros to spend on the building a multi-storey garage near “Nova Makedonija”. Therefore, the borrowing of the local government will reach 5.5 million euros. Recently, for the same purpose, a facility being … Continue reading

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Phases of the fiscal decentralization

According to the Law on financing the local government in Macedonia, the fiscal decentralization is estimated to be realized in process and in stages, in accordance with institutional and fiscal capacity of the municipalities individually. The first phase of fiscal … Continue reading

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