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3 clusters · 8 sources · 14 days · First seen · Last updated

North Macedonia fiscal and agricultural spending

Overview

North Macedonia has reported significant developments regarding its national budget and sectoral spending. Through August, budget revenues reached 230.6 billion denars, an 8 percent increase over the previous year, driven by rises in corporate income tax, personal income tax, VAT, and import duties.

In the agricultural sector, the Ministry of Agriculture, Forestry and Water Economy has distributed approximately 6.5 billion denars in subsidies, representing roughly 90 percent of the planned 7.295 billion denars for the 2026 program. The ministry is also working to resolve outstanding debts from 2020 and has implemented new controls, such as satellite imagery and field inspections, to prevent fraud.

More recently, the government announced plans for a second budget revision due to a 7 billion denar deficit in the state treasury. Officials attributed this deficit to reductions in excise tax and VAT on petroleum derivatives. Prime Minister Hristijan Mickoski stated the revision aims to maintain economic stability.

The deficit has drawn criticism from political and economic observers. Economist Borçe Trenkovski has called for “full transparency” regarding the reasons for the revision and how the deficit will be covered, suggesting a focus on expenditure efficiency. Meanwhile, LSDM deputy coordinator Fatmir Bytyqi attributed the deficit to “poor planning and low revenues” rather than changes in taxation.

Entities

Hristijan Mickoski · LSDM · Ministry of Finance of North Macedonia · Public Revenue Office · Ministry of Agriculture, Forestry and Water Economy

Timeline

  1. about 14 hours ago

    [BUSINESS] 2 sources
    North Macedonia plans second budget revision amid 7 billion denar deficit

    North Macedonia plans a second budget revision to address a 7 billion denar deficit caused by tax reductions on petroleum derivatives.

  2. 8 days ago

    [BUSINESS] 2 sources
    North Macedonia pays 6.5 billion denars in agricultural subsidies

    North Macedonia has paid out approximately 6.5 billion denars in agricultural subsidies, reaching 90 percent of the planned budget for the current period.

  3. 14 days ago

    [BUSINESS] 4 sources
    North Macedonia budget revenues rise 8% through August

    North Macedonia's budget revenues rose 8% year-on-year to 230.6 billion denars through August, driven by growth in corporate, personal, and VAT taxes.

Sources

alsat.mk · brif.mk · denesen.mk · ekonomijaibiznis.mk · gazeta.mk · press24.mk · racin.mk · republika.mk

This summary has been updated 1 time: see revision history