Former Yugoslav Republic of Macedonia: Staff Report for the 2011 Article IV Consultation.
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Country Report No. 2012/133
Subject:
Balance of payments Banking Budget planning and preparation Current account deficits External debt Government debt management Public debt Public financial management (PFM)
English
Publication Date:
June 8, 2012
ISBN/ISSN:
9781475504149/1934-7685
Stock No:
1MKDEA2012001
Pages:
57
Please address any questions about this title to publications@imf.org