North Macedonia faces 113 million euro budget impact from fuel tax cuts

North Macedonia is facing significant fiscal and economic shifts. A reduction in excise duties and VAT on fuel is projected to impact the national budget by 113 million euros.

Despite the ongoing energy crisis, diesel prices in North Macedonia remain the lowest in the region and wider area. Concurrently, the Euro has reached its lowest level in 16 months against the US Dollar, signaling broader currency volatility.