Macedonia’s public debt is gaining alarming proportions, says university professor Nikola Popovski, who thinks that if the government continues to borrow at this pace, the country will fall into a debt crisis.
The professor stresses that we are threatened by financial instability but also declining economic growth.
‘At this pace, in the long run there is a risk of financial instability, which will not have economic growth and development,’ says university professor Nikola Popovski.
The amount of public debt as of June is 7.4 billion euros or 64.4 percent of GDP.
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