29th April 2026, Skopje - Today, the Ministry of Finance hosted the first meeting of the Public Investment Committee - an inter-ministerial body responsible for reviewing and prioritizing the financing of public investment project proposals of the Central Government. The Committee session was chaired by the Minister of Finance, Gordana Dimitrieska-Kochoska, with the Prime Minister Hristijan Mickoski in attendance, who addressed the participants.
“Today, together with the Prime Minister, we held the first meeting of the Public Investment Committee, launching a more systemic approach to planning and managing public investments nationwide. This new model of organizing and decision-making applies to capital projects exceeding EUR 5 million. It will enable both the Government and the Ministry of Finance to make decisions on mature, investment-ready projects, in a more transparent and structured way, while also streamlining the budget planning for the coming years”, the Minister said.
She emphasized that the reform aims at ensuring a more accountable approach to planning and delivering public investments, based on transparent criteria, practical feasibility and long-term development rationale. This approach, she added, ensures that public funds are allocated to projects generating value for money to the citizens and delivering the strongest boost to economic growth.
She highlighted that establishing the Committee is an important milestone in modernizing the public investments management system, reaffirming the Government’s commitment to building a stronger, more accountable and strategically driven system that ensures that each public asset invested yields real development benefits and a better standard of living for the citizens.
As the Minister emphasized, this way a greater transparency and accountability in the decision-making process are established, with each project undergoing detailed evaluation, thus ensuring that investments are made in projects that are well-designed, financially sustainable and aligned with the country’s strategic priorities. This is a key step towards ensuring proper procedure, predictability and enhanced effectiveness in capital budgeting.
The establishment of the Committee is part of the Government’s Reform Agenda and derives directly from the new Decree on Public Investment Management, one of the key reforms in public finance management. At today’s session, the Committee reviewed the first List of Project Idea Proposals, which will be the basis for defining the first Final Priority List of Public Investment Project Proposals. The estimated value of these projects is EUR 3.4 billion. Under the PIM Decree, all budget users, public enterprises, state-owned joint stock companies and municipalities are obliged to submit to the Ministry of Finance the proposals for public infrastructure projects exceeding EUR 5 million, thus introducing, for the first time, a unified and coordinated approach to reviewing major public investment projects.
Public Investment Committee was established in September 2025. It comprises all line Ministers and will convene at least twice each year, and more often if necessary.
