Former Yugoslav Republic of Macedonia: Selected Issues and Statistical Appendix

Author: International Monetary Fund

This Selected Issues paper and Statistical Appendix formulates a medium-term fiscal framework for the Former Yugoslav Republic of Macedonia (FYRM) and discusses the tensions that are likely to arise in formulating policy measures. The paper reviews recent fiscal developments and the 2002 budget. It discusses medium-term revenue and expenditure issues, the uncertainties and risks underlying the fiscal framework, and the sensitivity of the fiscal outlook to some of these uncertainties and risks. The paper also compares the size and structural aspects of FYRM's public finances to those of other countries in the region.

Volume/Issue: Volume 2002 Issue 048

Publication date: March 2002

ISBN: 9781451826043

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Topics covered in this book

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Business and Economics , Banks and Banking , Money and Monetary Policy , Public Finance , ISCR , CR , GDP , bank , banking system , enterprise , expenditure-reducing measure , expenditure issue , Non-security expenditure , GDP growth assumption , lending behavior , expenditure factor , FDI level , index lending , expenditure side , percentage points of GDP relative , Credit , Commercial banks

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Summary

This Selected Issues paper and Statistical Appendix formulates a medium-term fiscal framework for the Former Yugoslav Republic of Macedonia (FYRM) and discusses the tensions that are likely to arise in formulating policy measures. The paper reviews recent fiscal developments and the 2002 budget. It discusses medium-term revenue and expenditure issues, the uncertainties and risks underlying the fiscal framework, and the sensitivity of the fiscal outlook to some of these uncertainties and risks. The paper also compares the size and structural aspects of FYRM’s public finances to those of other countries in the region.