Skopje, 25 April 2025 (MIA) - The Government is committed to implementing the fiscal policy defined by the Law on Budgets and the Fiscal Strategy, with a focus on strengthening the macroeconomic stability. The goal is gradual fiscal consolidation, Budget savings and support for the economy through investments in infrastructure projects, said Finance Minister Gordana Dimitrieska Kochoska at meetings with IMF Deputy Managing Director Bo Li, IMF Executive Director Jeroen Clicq, IMF European Department Director Alfred Kammer, and IMF Mission Chief to North Macedonia, Annette Kyobe.

During the meetings, Minister Dimitrieska Kochoska said the Budget is realized as planned, with rise in revenues in Q1 by 11.4 percent compared to 2024, whereas expenditures have dropped by 2.1 percent, which gradually moves the country to fiscal consolidation.

She added that the new Fiscal Strategy 2026-2030 is being drafted, with fiscal consolidation remaining in its focus.

Dimitrieska Kochoska also referred to the growth projection of 3.7 percent, which will be based on the realization of investments and further supported by projects contributing to local economic growth and private sector investments. Current global developments and the perceived uncertainty are also closely monitored.

The FinMin said the growth is also supported by the foreign direct investments, which amounted to a record EUR 1.25 billion in 2024, while expecting the inflation to drop and stabilize.

The meetings highlighted the implementation of reforms towards improved public finance management, higher revenues while lowering the informal economy, as well as digitization of processes.

The meetings took place on the sidelines of the IMD/World Bank Spring Meetings, held April 21-26 in Washington.

Photo: Ministry of Finance