20th September 2021, Skopje – Designing macroeconomic policies, public finance, structural reforms, as well as the support the Government extends to the business sector so as to cope with the pandemic, as well as the green and digital transformation, were the topics discussed between Minister of Finance, Fatmir Besimi and the Head of Unit for Albania, Bosnia and Herzegovina at the Directorate General for European Neighbourhood Policy and Enlargement Negotiations of the European Commission, Michela Matuella, and the Head of Cooperation European Union Delegation to North Macedonia, Steffen Hudolin.
“Republic of North Macedonia is committed to attaining economic growth, as well as recovering from the pandemic, focusing on better growth, which implies green, digital, smart, accelerated, inclusive and sustainable growth. Growth Acceleration Financing Plan, we are working on, is aimed at providing for accelerated and sustainable growth, while maintaining financial stability via capital mobilization from the private sector in addition to the funds allocated from the Budget”, as Minister underlined.
Topics discussed at the meeting also covered the Budget Law, the fiscal decentralization reform, being prepared within the Ministry of Finance, as well as the realization of the IPA – funded projects.
As for the measures taken to cope with the pandemic, Besimi underlined that 6 packages were implemented, amounting to total of EUR 1,180,000,000,00.
“Republic of North Macedonia undertook the approach “whatever it takes” – initially funding was a challenge but later international funds became available. In 2021, 2 additional packages were implemented in the total amount of around EUR 180 million, containing not only emergency measures, but also measures to support the recovery and growth, with a more targeted approach, while focusing on the good performing companies to support investments. Currently, all indicators (GDP growth, budget revenues, trade, etc.) show a recovery of the economy”, Besimi underlined.
Thereby, he also stressed that developments are continued to be closely followed.
“By being aware of the challenges, we continue to provide support through more targeted measures, which are more market oriented and while focusing on fiscal consolidation in the medium -term. Republic of North Macedonia’s policies follow these guidelines, Besimi said.