Skopje, 17th October 2013 (MIA) – Expectations of the Government are that growth of Macedonian economy will be higher than the projected 2%. Higher growth of the Macedonian economy is also envisaged by many international financial institutions, such as IMF, which revosed the growth rate for this year to 2.2%, followed by Fitch, envisaging 2.7% growth, and the National Bank of the Republic of Macedonia expects higher growth than the projected one.

According to Vice Prime Minister and Minister of Finance, Zoran Stavreski, it is good to succeed in realizing higher growth than the projected one this year. – It is good to be better than what we have projected as regards economic growth. As regards revenue generation and expenditure execution by the end of this year, we expect higher level of performance compared to the previous years, since, in the first eight-nine months, we have achieved better realization of capital investments, Minister Stavreski said at today’s press conference.

He underlined that there is an increasing number of agencies and international financial institutions that envisaged surge of the economic growth in 2013 in the Republic of Macedonia, and that each new report is a confirmation that their observations of the Macedonian economy are positive and the Macedonian economy will experience higher economic growth.

– We have had meetings with the IMF and the World Bank recently in Washington, and their expectations are positive, i.e. Macedonia will realize higher growth this year. IMF revised the growth upward to 2.2%, and we have Fitch envisaging 2.7% growth, NBRM also presented higher growth projection. We expect that economic growth will be higher by 2% than the projected one, however, taking into account the supplementary budget for this year was submitted to the Parliament and prepared 2-3 months before the announcement of these recent data, we have remained formally at the projection presented in these documents. Still, my expectations and the expectations of the Government are that the Republic of Macedonia will manage in realizing higher growth than the projected on this year and it is a good thing, Minister Stavreski stated.

 

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