Economic Reform Programme 2026-2028
Taking into account the new EU Guidance, the Economic Reform Program for the period 2026-2028 provides an overview of the medium-term macroeconomic and fiscal framework and monetary policy, an overview of the level of implementation of the Joint Conclusions with recommendations on fiscal and monetary policy from the Economic and Financial Dialogue with EU held in May 2025, as well as the potential impact of selected reform measures from the Reform Agenda on the economy.
The preparation of ERP at the level of the Government is coordinated by the Ministry of Finance and submitted to the EC after its adoption by the Government of the Republic of North Macedonia no later than January 15.
After ERP is submitted to EC, assessment missions follow by the EC, ECB and Eurostat. Then the Economic and financial dialogue within the Council of EU begins. The dialogue starts with a technical level discussion within the preparatory committees (EFC-A, EPC and EMCO) and finishes with the ministerial meeting in the margins of the Economic and Financial Affairs Council (ECOFIN), with participation of Candidate countries’ ministers of finance and governors of central banks, and ministers of the current Council Presidency and two upcoming Presidencies. The process ends with the adoption of Joint conclusions based on the ERP assessments and recommendations that are given to improve the macroeconomic policy of the country, the management of public finances and the quality of structural reforms (the so-called Policy Guidance). The candidate countries, when preparing the next ERP, are obliged to report on the level of implementation of the recommendations in the last year, in order to fulfil the economic criteria for accession to the EU – the existence of a functioning market economy the capacity to cope with competitive pressure and market forces within the Union.
During the preparation of ERP 2026-2028 several strategic and other documents were considered:
- Joint conclusions from the Economic and Financial dialogue on 13 May 2025
- EC assessment report of the ERP 2025-2027
- EC 2025 Progress Report on the Republic of North Macedonia
- Fiscal Strategy 2026-2030
- Strategy for public debt management 2026-2030
- Reform Agenda of North Macedonia 2024-2027;
More information on the European Semester and Economic Governance from the aspect of fulfilling the Copenhagen criteria can be found on the following web pages:
and
You can download the previous economic reform programs and all pre-accession economic programs from the Ministry of Finance of the Republic of North Macedonia here.
