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Budget System in the Former Yugoslav Republic of Macedonia Toni Dimovski

Budget System in the Former Yugoslav Republic of Macedonia Toni Dimovski Head of Budgets & Funds Department. Seminar on Budget and EU Funds Skopje, 14-15 May 2007. BUDGET SYSTEM IN REPUBLIC OF MACEDONIA. Until 1993, Law on Common and Social Needs Starting 1993, Budget Law

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Budget System in the Former Yugoslav Republic of Macedonia Toni Dimovski

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  1. Budget System in the Former Yugoslav Republic of Macedonia Toni Dimovski Head of Budgets & Funds Department Seminar on Budget and EU FundsSkopje, 14-15 May 2007

  2. BUDGET SYSTEM IN REPUBLIC OF MACEDONIA • Until 1993, Law on Common and Social Needs • Starting 1993, Budget Law • In a period of 12 years, many modifications and amendments • In 2005 new Budget Law – oriented towards EU Regulations and Directives

  3. BUDGET REFORMS • New Organic Budget Law adopted (July 2005) • Budget presentation on a new definition according to GFS 1986 • Functional approach • Ministries need to prepare strategic plans

  4. PROGRAMME BUDGETING • Government programmes based on Government strategic priorities • Budget programmes based on legislative activities of the budget users are shown as separate programmes and sub-programmes • Capital sub-programmes: projects identified as separate sub-programmes

  5. 2007 CentralBudget Expenditures by COFOG FunctionalClassification (In mil.Euros) % GDP 5.310 General pubic services 126 2,38 Defence 119 2,25 Public order and peace 164 3,08 Economic affairs 392 7,37 Environment protection 60,11 Dwellings and community development 27 0,51 Health 291 5,48 Recreation, culture and religion 35 0,65 Education 253 4,76 Social protection 604 11,37

  6. EU Funds • The Ministry of Finance shall be authorized to manage the resources received from the Budget of the European Union, in accordance with the European Union provisions and regulations for financing and concluding agreements. • Structural Funds and Cohesion Funds of the European Union, as well as other assistance and programs of the European Union shall be an integral part of the budgets and shall be presented separately in revenue plans and plans of appropriations by programs and sub-programs. • Appropriations of the basic budget earmarked for co-funding shall be shown in the Budget in the respective program, i.e. sub-program. • Funds referred to EU funds shall be a long-term financial liability of the Republic of Macedonia, i.e. of the municipality and shall be used within the project period.

  7. GENERAL GOVERNMENT BUDGET STRUCTURE

  8. CONSOLIDATED GENERAL GOVERNMENT BUDGET (mil. EUR) 200720082009 Consolidated GG Budget –Revenues1.8922.0202.145 % of GDP363534 Consolidated GG Budget –Expenditures1.9472.0912.196 % of GDP373635 Consolidated GG Budget –Deficit-55-72-51 % of GDP-1-1-1 Central Budget-Revenues1.2151.3051.387 % of GDP232322 Central Budget-Expenditures1.2611.3581.443 % of GDP242423 Central Budget-Deficit-46-53-56 % of GDP -0.8 -0.9 -0.9 GDP5.3105.7696.298

  9. CONSOLIDATED GENERAL GOVERNMENT BUDGET (mil. EUR) 200720082009 Budget Funds –Revenues503391416 % of GDP1077 Budget Funds –Expenditures513409412 % of GDP1077 Budget Funds –Deficit-10-184 % of GDP000 LGU Budget-Revenues 173324341 % of GDP365 LGU Budget-Expenditures173324341 % of GDP365 LGU Budget-Deficit000 % of GDP000 GDP5.3105.7696.298

  10. BUDGET PROCESS Mid-term Macroeconomic policy Adopting the Budget Defining government priorities Budget proposal adopted by the Government and submitted to the Parliament Fiscal policy Budget circular Budget Proposal submitted to the Government Budget requests

  11. PLANNED BUDGET DEVELOPMENTS • Implementation of new budget software • Application of GFS 2001 in budget reporting for the purpose of compatibility with ESA 95 • Medium-term expenditure ceilings by functional approach • Developing performance indicators • Capital budgeting

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