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Unemployment benefits and salaries to increase most in budget 2015.

Experts' assessments of next year's budget range from such deeming it as progress-oriented and optimistic to such according to which it cannot provide a better life for the Macedonian citizens, Utrinski vesnik reports.

What is evident from a quick look at the draft budget 2015 is that the allocations for unemployment benefits and public sector salaries will increase most. An increase although much smaller has also been envisaged in the allocation for capital investments.

Some experts say that the budget projections are feasible yet they believe that raising salaries, pensions and unemployment benefits may be a rash move.

"A more important question though is whether if revenues fall short of projections in 2015, cuts would be made in the allocation for salaries, pensions and unemployment benefits, or the allocation for capital investments," said Marjan Petreski, Professor at the American College University.

Economic analyst Slobodan Najdovski believes that at least at first sight there is nothing new in the budget structure in relation to what has been going on in the past 7-8 years. In his view, the growth rate of 4 percent is not going to improve the quality of life of the Macedonian citizens.

On the other hand, Marija Zarezankova-Potevska, Professor at FON University, believes the budget has been projected optimistically and will boost development.

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Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:Sep 16, 2014
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