18th May 2923, Skopje – Republic of North Macedonia continuously implements reforms which are part of the requirements for the Euro-Atlantic integration. Since the start of the negotiations last year, we have taken on new dynamics in implementing the reforms, although part of the efforts was targeted at coping with the challenges posed by the energy and price crisis. As pointed out at todays’ meeting held in Skopje between the Minister of Finance, Fatmir Besimi, and Gert Jan Koopman and Michaela Matuella from the Directorate-General for Neighbourhood and Enlargement Negotiations, the country pursues its reform path, which is of high priority in the Government programs and is also agreed jointly with the European Union through the Economic and Financial Dialogue, at the same time strengthening the capacities for implementation of the respective reforms.

“We concluded the ninth cycle of the Economic and Financial Dialogue between the EU and the Western Balkans and Türkiye this week in Brussels, and Joint Conclusions, which are guidelines for next year’s policies, were also endorsed. The Joint Conclusions, translated in policies and measures, will be part of next year’s programs and Budget. This is a process that brings us closer to the economic criteria of the EU and also makes us better prepared for the pre-accession process. It thus makes us as ready for utilizing the financial instruments available to us as a candidate country for EU membership”, Minister of Finance said.

He also referred to the country’s economic policies and measures undertaken as regards public finance management and fiscal consolidation, also underlining the specific activities envisaged under the new Organic Budget Law, the new Fiscal Strategy (five-year projections), the tax reforms, etc.

As pointed out at the meeting, tax reforms, based on the Strategy, are aimed at increasing the efficiency in tax revenue collection by broadening the tax base and creating fiscal room for implementing active policy for encouraging investments and accelerated economic growth. These reforms are in line with the recommendations of both the EU and the international financial institutions, pointing out to the need to ensure increased vertical and horizontal fairness of the tax system and broadening of the tax base by revising the tax exemptions.

In addition, it was emphasized that commitment to fiscal consolidation remains by supporting the economy with investments in infrastructure projects, redesigning the public finance structure by increased share of capital expenditures, as well as strengthening the process of planning, executing and reporting as regards the public finance.

They also talked about the financial instruments available to the country as aspiring to join the EU, the support to the reforms and the implementation of investment projects, as well as the measures to support the coping with the energy and the price crisis. Possibility to use macro-financial support from the EU, activities therefore already ongoing, was also discussed.

Оваа вест е достапна и на: Macedonian Albanian

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