IMF Staff Country Reports

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

Publication Date:

June 8, 2012

Electronic Access:

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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)