FYRMacedonia: Pre-Accession Economic Programme 2011-2013 presented
17. February 2011. | 07:48
The programme elaborates in details the foreseen structural reforms aimed at Macedonian economy to become more competitive, prepared to face challenges after country joins the EU.
GDP growth of 4.5%, low and stable inflation of around 2 to 3 percent, reduction of deficit in the current account from 3 to 6%, balanced growth of import and export as well as gradual increase of investments to 5% of GDP, are some of the macroeconomic scenarios of Macedonia included in Pre-Accession Economic Programme (PEP) 2011-2013 presented Wednesday by Deputy PM and Finance Minister Zoran Stavreski.
Growth of industry from 5 to 8%, of services between 3 to 5% and of agriculture to 4% are also part of the projections for the period 2011-2013.
- Pre-Accession Economic Programme is key strategic document in which the Republic of Macedonia presents medium-term macroeconomic and fiscal frameworks and the agenda of structural reforms for the period 2011-2013 before the European Union. PEP is also a confirmation before the EU that Macedonian government will urge to maintain macroeconomic and fiscal stability in the frames of defined Maastricht criteria at most to 3% budget deficit and to 60% of state debt, Stavreski said at programme's presentation.
He said that through preparation of the programme Macedonia prepares for gradual integration in multilateral fiscal surveillance in economic and monetary union and EU strategy - 2020.
The programme elaborates in details the foreseen structural reforms aimed at Macedonian economy to become more competitive, prepared to face challenges after country joins the EU, Stavreski said.
Finance Minister Zoran Stavreski and Governor of the National Bank Petar Gosev will present the document in Brussels in May 2011.