24th September 2025, Skopje - At yesterday’s session, the Government adopted a Decision to set up the Committee for Public Investments, thereby laying the foundations for more efficient, transparent, and strategic public investment management.
Committee is constituted in accordance with the Organic Budget Law, which operations will be in line with the Decree on Public Investment Management.
This Committee’s formation signifies a vital advancement in ensuring greater efficiency, transparency, and alignment of public investments with the national strategic priorities and objectives.
It is a matter of Government’s inter-sectoral body, which will provide for coordination among institutions and an integrated approach to the decision-making process.
This Committee will be chaired by Minister of Finance, comprising all line ministers, thus ensuring that the decisions will be reached via consensus and thorough analysis of the proposals.
Committee’s role will be pivotal in reviewing and assessing the project-related ideas, prioritizing them, and making decisions that will guide the state investment cycle towards projects, which generate the greatest benefit to the citizens and the economy.
The Committee will monitor the progress of investments, assess their feasibility, and provide recommendations for the most effective employment of public funds.
This will guarantee full alignment of the public investments with the Government’s goals and priorities, while also ensuring that their implementation is consistent with the national development strategies.
By setting up the Committee, conditions are created to support improved planning and management of public resources, while the project selection process becomes clearer and more objective.
Over the long run, this reform will provide for higher economic returns, more efficient delivery of public services, thus also contributing to the accomplishment of the country’s strategic goals, including those related to the EU integration.
The formation of the Committee for Public Investments directly results from the new Decree on Public Investment Management, thus putting a system in place, aimed at improving the capital project implementation.
As per the Decree, all budget users, public enterprises, state-owned joint-stock companies, and municipalities are required to present their public infrastructure project initiatives with an estimated value of above EUR 5 million to the Ministry of Finance.
Separate Public Investment Management Department has been formed within the Ministry of Finance, tasked with conducting independent reviews of pre-investment analyses, assessing project maturity, and monitoring their implementation.
