Skopje, 28 October 2025 (MIA) – The government adopted Tuesday the 2026 draft budget projecting economic growth at 3.8 percent, inflation at 2.5 percent, and a budget deficit of 3.5 percent of GDP.

Finance Minister Gordana Dimitrieska-Kochoska told a press conference total revenues are projected at Mden 374.7 billion (EUR 6.08 billion), total expenditures at Mden 413.9 billion (EUR 6.71 billion), while capital investments are projected at Mden 40.5 billion (EUR 657 million).

“Capital projects should be the main driver of economic growth next year, and positive growth is also expected from private investments at an even faster pace, given the interest in the favorable credit line for companies, as well as the private consumption supported by rising wages and pensions,” Dimitrieska-Kochoska said.

The Minister said the 2026 draft budget covers all key policies to be implemented in the coming period with the goal of accelerating economic growth in parallel with the gradual fiscal consolidation.

The 2026 fiscal policy, she stressed, will be aimed at maintaining macroeconomic stability and supporting economic activity.

“We will continue with measures aimed at reducing the informal economic and boosting the payment of budget revenue. The budget will be based on real projections – revenues will be planned in line with real opportunities, while expenditures will focus on strategic priorities. The gradual fiscal consolidation will continue, along with the disciplined management of public finance, with the goal of greater efficiency and responsibility in spending budget funds. Non-essential expenditures will be reduced, while assistance for citizens and businesses will be carried out in line with clear criteria and strengthened monitoring,” the Finance Minister said.

Photo: Screenshot