North Macedonia: Public Finance Review. Ensuring Stability and Boosting Resilience.

Fazekas, M.; Regös, N.; Tóth, B.; Ibrahimi, K.; and Zdravko Veljanov (2024) Improving the Efficiency of Public Procurement. In World Bank (2024) North Macedonia: Public Finance Review. Ensuring Stability and Boosting Resilience. Chapter 6.A. World Bank, Washington, DC.

This report proposes designing such a strategy in light of macroeconomic risks. It analyzes North Macedonia’s major macroeconomic and fiscal weaknesses, risks, and debt sustainability. It discusses tax policy and compliance challenges. Regarding government effectiveness, thereport highlights the need to enhance public administration effectiveness and address local government finances. Furthermore, the report assesses the efficiency, effectiveness, and equity of social and education spending, emphasizing the need to improve the efficiency, equity, and delivery of healthcare and social assistance, and ensure the sustainability of the pension system. It also underscores the importance of improving the efficiency of procurement and agricultural subsidies to ensure sustainability and resilience.

Read the full report here