Former Yugoslav Republic of Macedonia: Staff Report for the 2011 Article IV Consultation.

June 8, 2012

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Former Yugoslav Republic of Macedonia: Staff Report for the 2011 Article IV Consultation., (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This 2011 Article IV Consultation highlights that Macedonia is poised to achieve low but positive growth under the baseline scenario of a shallow recession in the euro area. Under a downside scenario, growth would be weaker, and external financing pressures could arise. In the near term, the government would need to reduce expenditure growth to meet the 2012 deficit target. A key longer-term challenge would be to reconcile the competing objectives of higher public investment and increases in pensions and public wages while preserving low public debt and low taxes.

Subject: Balance of payments, Banking, Budget planning and preparation, Current account deficits, External debt, Government debt management, Public debt, Public financial management (PFM)

Keywords: Authority, Budget planning and preparation, CR, Current account deficits, Deficit target, Eastern Europe, EU integration process of the Republic of Macedonia, Europe, FDI inflow, FYR Macedonia, Global, Government, Government debt management, Headline inflation, ISCR, Macedonian banking system, NBRM authority, Nominal exchange rate, Southern Europe, Western Europe

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/133
Stock No:

1MKDEA2012001
ISBN:

9781475504149
ISSN:

1934-7685

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