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Fiscal policy cannot do anything more than what it does in terms of its support to the economic activity, but the monetary policy contribution is missing, Vice Prime Minister and Minister of Financed said in the interview for “Kapital” magazine.

Macedonia is among the countries that have made the greatest progress according to the 2010 Index of Economic Freedom, announced by the Heritage Foundation and the Wall Street Journal.

Data on the 2009 Bugdet execution show that the budget deficit is within the projections, amounting to 2.77% of GDP.

Budget is in good condition. As of December inclusive, total revenues accounted for 96.3% of the projections, whereas budget deficit was within the preliminary projections at the planned level of 2.77% of GDP.

Kocani Municipality will use EUR 600,000 under World Bank Municipal Services Improvement Project to reconstruct part of water supply network.Vice Prime Minister Zoran Stavreski and Kocani Ratko Dimitriovski singed the Sub-Loan Agreement today.

Capital investments performance as of 30th December inclusive accounted for 73.5%, Vice Prime Minister and Minister of Finance Zoran Stavreski announced, following the signing of the Sub-Loan Agreement within the Municipal Services Improvement Project, financed by the World Bank.

With 66 yes votes, one no vote and no abstentions, Parliament of the Republic of Macedonia adopted Thursday the 2010 Budget, according to which revenues are planned to Denar 143,257 million, and expenditures are planned to Denar 153,720 billion. Deficit is projected at 2.5% of GDP, amounting to Denar 10,460 billion.

On Tuesday, World Bank approved US$ 30 million development loan to the Government of the Republic of Macedonia as budget support for economic reforms and development policies.

The 7th International Fair for Finance, Business Opportunities and Economic Development “FINEKSPO 2009” opened Wednesday at the Skopje fair and it will last by 11th December.

It is a great success in such difficult year to ensure the payment of social benefits, not a single day of delay in payment of pensions, as well as to ensure sufficient funds for realization of the ambitious public investment program.