Successful budget rebalance means cutting Skopje 2014 costs.
"The rebalance implies cutting all costs that are not indispensable at the moment and the monuments and Skopje 2014 are in that group. Culture projects cannot be realized in a time of crisis. Unless cuts are made here, the rebalance will be fruitless. Of course there is room to cut from all other items, but the cuts should be biggest with the unproductive costs," says Shenaj Hadzimustafova from the University of Southeast Europe.
The Ministry of Finance has not yet revealed any information about the budget cuts. "The analyses are in progress," they say. According to unconfirmed information, the authorities intend to cut 100-150 million euros. The budget rebalance news came a few days after the announcement that the issue of the third Eurobond would be delayed as a result of the unfavorable conditions in the international capital markets.
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|Title Annotation:||BUSINESS NEWS|
|Publication:||INFOMAC Daily News Service|
|Date:||May 26, 2010|
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