The economic situation in North Macedonia took centre stage in the country’s election campaign on Wednesday. At a news conference held at the headquarters of the opposition Social Democratic Union of Macedonia (SDSM), party leader Venko Filipce voiced concern over what he described as “dramatically low implementation” of capital investments, which should be driving the economy.
Filipce said that only 43.78% of planned capital expenditures had been realized as of September – the lowest rate in the country’s history, in his words. He warned that the year would be “yet another lost one” for capital projects, with forecasts suggesting implementation of around 55% by year-end. According to him, this meant that funds intended to create jobs and stimulate growth would remain unused, which in turn showed that the government lacked the capacity to implement its own projects and plans.
He also cited data indicating that by the end of 2025, the state budget would face a shortfall of EUR 1.4 billion, and called on Prime Minister Hristijan Mickoski to explain how the gap would be covered and whether new borrowing would be required.
In response, North Macedonia’s government press service issued a statement saying that the national budget was stable and liquid, and that “all obligations to citizens, businesses, and institutions are being met regularly and on time”. The statement said that revenue and expenditure execution was proceeding according to plan and annual dynamics, with the highest levels of activity traditionally registered in the final quarter of the year.
The government said it was pursuing a disciplined fiscal policy, with the 2025 budget carefully planned and strategically focused on capital investment, economic growth, and social stability. It noted that the deficit was under control, public debt had been stabilized, and borrowing remained within legal limits and directed toward development rather than populism.
The press release further stated that the projected budget deficit for 2025 was 41.4 billion denars, which is 3.3 billion less than in 2024, while implementation so far stood at 36.4 billion denars – in line with projections. The public debt as of July stood at 58.7% of GDP and was expected to be lower than the forecast 62.1% by the end of 2025, the government added. Economic Situation Becomes Focus of North Macedonia’s Election Campaign THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-15 18:43:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
