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North Macedonia fiscal strain and investment measures

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-08-07 11:43 UTC → 2026-08-15 09:46 UTC · added removed

North Macedonia fiscal strain and investment measures

In late July 2026 the finance ministry announced a budget rebalance that shifted funds toward infrastructure while protecting salaries, pensions and social benefits. Finance Minister Gordana Dimitrieska‑Kochoska Dimitrieska-Kochoska framed the rebalance as a development‑oriented development-oriented measure, adding extra resources for roads, railways, energy, education, health, municipal projects, agriculture, social protection and programmes such as aid for women farmers. The shift was presented as a response to heightened global market uncertainty, geopolitical risks and rising energy prices. A week later the parliament amended the borrowing law, replacing the existing €20 million World Bank framework with a new €25 million structure for improving public-expenditure management, transparency and tax administration. This amendment formally cancelling cancelled the unused €19.2 million of the previous loan, moving the termination date forward to 30 September 2026. Prime Minister Zoran Mikic continued to claim that economic growth now exceeds the EU average, a statement contested by critics pointing to inflation above the EU level and wages below the national average. On 7 August the government reported that state debt had fallen to €9.432 billion, or 51.7 % 51.7% of GDP, a €41 million reduction from the previous month, while public debt stood at 58.8 % 58.8% of GDP. GDP growth has stayed above 3 % 3% for seven consecutive quarters and inflation eased to 3.4 %. Officials said 3.4%. By mid-August, Finance Minister Dimitrieska-Kochoska reported that €239 million has been injected into the trend reflects ongoing policies economy via the Hungarian Export-Import Bank. Part of a planned €250 million program for private sector development, the funds aim to stabilise public finances stimulate investment and improve living standards, even as job creation. The Minister noted that corporate lending has seen average annual growth of approximately 15 percent during the government continues to explore new borrowing options. program’s implementation.

Versions

  1. 2026-08-15 09:46 UTC North Macedonia fiscal strain and investment measures
  2. 2026-08-07 11:43 UTC North Macedonia fiscal strain
  3. 2026-07-30 09:00 UTC North Macedonia fiscal strain
  4. 2026-07-29 08:42 UTC North Macedonia fiscal strain

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