During a session on July 4, 2026, the Ministry of Finance addressed the proposed amendments and additions to the 2026 Budget during the Standing Committee for Finance and Budget. Finance Minister Gordana Dimitrieska-Kočoška questioned the proper allocation of budgetary funds, citing economic data as evidence for her concerns. Dimitrieska highlighted significant disparities in economic performance when comparing recent years to previous administrations.
She pointed to a period where the Gross Domestic Product (GDP) demonstrated a substantial growth exceeding 3% over two years, contrasting this figure with a previous government’s recorded rate of 1.8%. The discussion also encompassed the management of public debt and the national budget deficit. The Minister presented historical figures, noting the public debt stood at 49% in 2019.
She addressed the fiscal challenges of 2020, when the nation navigated the COVID-19 crisis. While the initial reports showed an 8% budget deficit, the public debt simultaneously rose to 59.7% in that same year. Overall, Dimitrieska underscored the need for a thorough review of fiscal spending.
Her remarks indicated a critical examination of whether current budgetary mechanisms are effectively supporting sustainable economic recovery, urging careful consideration of debt levels against measured growth metrics.
Topics: #growth #rate #dimitrieska
