Pledges to repay debts to businesses and to raise pensions and social aid have been made following precise analyses and the 2013 budget will include exact sums for their financing.

This was stated on Monday by Vice PM and Finance Minister Zoran Stavreski answering a journalist question regarding the package of measures announced yesterday by Premier Nikola Gruevski.

"The pledge has been made based on in-depth, serious and careful calculations and preparations. We've contacted international financial institutions and discussed the way in which funds are going to be provided to realise the overall financing of the budget for 2013, which will cover all of these things and the major infrastructural projects. We have conceived the basis of the fiscal policy and next year's budget. After we've done that and made sure we have a sustainable way of financing the budget and that even though with these promises we remain within the fiscal policy that is characteristic for our government and the country, we have made the pledge," Stavreski stated.

He noted that the funds provided by commercial banks with a guarantee from the World Ban would be used to finance the overall budget deficit i.e. all infrastructural projects, major projects, debt payment, pension increase, etc. "The money we will get, which at this state amount to nearly 200-250 million euros, will be intended for the budget," Stavreski elaborated adding the funds would be provided in January 2013 and were intended to finance the budget for 2013.

"Funds will be provided with a preferential interest rate of 4.5% instead with a real market interest rate of 8-9%. Next year, they will be used to repay the bond falling due in January 2013, to pay for infrastructural projects, debts to businesses, increase in pensions, subsidies, etc," the FinMin stated.

He stressed that there were no plans to make a rebalance of the budget. "We think that the state should provide support by completely realising capital investments and all budget expenditures in order to maintain the aggregate demand at a higher level. Therefore, after consulting the businessmen, we have suggested to give support by realising the expenditures completely without rebalancing the budget," Stavreski said.

The minister underlined that no additional borrowings for this year would be made and that there were substantial means to finance the budget for 2012.

Companies will feel serious liquidity improvements based on the government's promises, according to him.