Can’t expect economic growth higher than 2.5% without structural reforms: debate
- The average annual growth of public debt between 2008 and 2024 is 7 percent, and it already stands at over 60 percent of GDP. The budget deficit often crosses the established limit of 3 percent, especially with the budget revision, which shows weaknesses in planning. Good planning requires clear data about the expenses and outflows of all institutions. Without structural reforms we can’t expect the economic growth to be higher than 2.5 percent, concluded speakers at an event entitled “Fiscal Policy at a Crossroad: Path to Stability and Sustainable Public Finance” organized by the Fiscal Council of North Macedonia and Finance Think.
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