Draft 2027 budget enters Parliament finance committee
Committee debate starts as the draft forecasts 395.4 billion denars in revenues, 440.4 billion in spending and a 45 billion denar deficit.
The draft state budget for 2027 has been formally introduced to the Parliament's Committee on Finance and Budget, beginning committee debate amid a backdrop of the Alba Bank developments. The proposal anticipates revenues of 395.4 billion denars and expenditures of 440.4 billion denars.
Key fiscal figures and priorities
The plan allocates 40.8 billion denars for capital investments, while debt servicing is estimated at 124.6 billion denars. The draft shows a planned budget deficit of 45 billion denars, equal to 3.5 percent of GDP, and is presented as consistent with the Fiscal Strategy for 2027–2031.
Finance Minister Gordana Dimitrieska-Kochoska, speaking at the end of October, framed the proposal as a document that balances consolidation and growth: "the primary objective is to ensure stable and sustainable public finances, to continue a gradual fiscal consolidation, but at the same time to create conditions for economic growth, investment and improvement of citizens' living standards."
She underlined that the government intends to keep pursuing gradual fiscal consolidation. "This means we remain committed to gradual fiscal consolidation, with a clear aim to reduce the budget deficit and stabilize public debt, without abandoning development priorities," the minister said.
Committee members will now examine the draft line by line; the debate begins while authorities are also dealing with the economic effects of the Alba Bank situation, which adds political and financial scrutiny to the budget discussions.
Photo: press material from the event
