European Parliament Library

Former Yugoslav Republic of Macedonia, Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the former Yugoslav Republic of Macedonia

Abstract
This paper discusses the Former Yugoslav Republic of Macedonia’s Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program. The 2007 fiscal deficit target increased modestly to 1 percent of GDP. Taxes were cut and budget quality improved, but there remain fiscal risks, in particular in delivering the planned reduction in transfers and subsidies. Over the medium term, the government aims to keep the fiscal deficit below 1½ percent of GDP, cutting overall government spending by 2 percent of GDP while raising public investment
Table Of Contents
Cover; Executive Summary; Contents; 1. Fiscal Risks in the Electricity Sector; I.Introduction; II. Recent Developments; Figures; 1. Real Sector Indicators, 2002-06; 2. External Sector Indicators, 2000-06; 3. Exchange Rate Indicators, 2000-06; 4. Financial Market Developments, 2004-06; 5. Money and Credit Developments, 2001-06; 6. Banking Sector Developments, 2002-06; III. Program Discussions; 7. Indicators of Institutional Quality and Reform, 2006; A. Macroeconomic Outlook; B. Fiscal Policy; Text Boxes; 1. Fiscal Risks in the Electricity Sector; C. Structural Reform; IV. Staff Appraisal
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (91 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452777924

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow