Macedonian Minister of Finance Gordana Dimitrieska-Kochoska, as part of her participation in the IMF and World Bank Spring Meetings in Washington D.C., held a meeting with IMF Deputy Managing Director Bo Li. At the meeting, the Government’s commitment to further fiscal consolidation and reducing the budget deficit to below 3% in the medium term was noted and welcomed.
“The Government and the Ministry of Finance remain firmly committed to gradual fiscal consolidation while simultaneously supporting economic growth through a high level of capital expenditures in the budget. A key priority is maintaining stability in public finances, especially in light of international developments and the challenges they pose, particularly for small and open economies such as ours,” said Finance Minister Dimitrieska-Kochoska.
The minister notes that alongside fiscal consolidation efforts, measures are being actively implemented to maintain and strengthen economic activity, which showed a positive trend in the second half of 2024 and throughout 2025, with growth rate around and above 3%.
At the meeting it was highlighted that fiscal consolidation is especially important for creating room in the budget for fiscal policy responses in crisis conditions. It was also noted that current measures are being implemented to support the economy and citizens amid rising energy prices caused by the conflict in the Middle East.
