The Zaev Government announced it will triple property taxes on second homes and unused business space and farmland.
Facing an unprecedented 2020 deficit and public debt pushing on 60 percent of GDP, Zaev insisted that this will spur more economic dynamism.
The tax will triple for second, third properties, for everything that is not being used, Zaev said.
Macedonia has relatively low property tax, of between 0.1 and 0.2 percent on the estimated value, and makes up the difference with a relatively high sales tax.
In an interview with Deutsche Welle, Zaev said that this will also apply to state owned properties, and that it will spur thinking toward selling unused summer camps and other properties. Another way to plug the gaping hole in the budget for his regime is to sell off publicly owned companies and shares, even in strategic companies such as the post office and the railways.