Tag: debt
Macedonia Economy 06.09.20 | 11:46

Besimi insists there is enough money to service debt payments throughout the year

Newly appointed Finance Minister Fatmir Besimi assured the public that there is enough money in the budget to cover the debt payment, the deficit and unexpected additional costs of the coronavirs epidemic. Besimi said that the budget will be able to pay out the loans that are maturing throughout the...

Economy 03.08.20 | 22:46

Massive spike in public debt is the price of SDSM’s pre-election vote buying

The one billion EUR increase in debt in just several months is proof of the massive pre-election bribery that was done by the SDSM party, said VMRO-DPMNE official Anastasija Ilievska. The shocking new report from the Finance Ministry released today showed that the public debt now stands at 6.5 billion...

Economy 03.08.20 | 19:19

Hours after announcing the record breaking new debt level, the Finance Ministry scheduled a new bond auction

Hours after it was revealed that the debt spiked by a billion in the past four months, and that the central government debt is now over 50 percent of GDP, the Government announced it will borrow additional 38 million EUR. The auction is planned for tomorrow and it includes bonds that will mature in a...

Economy 03.08.20 | 16:43

Mickoski: The spike in new debt confirms we are in for very difficult times in the economy

The huge increase in debt of a billion EUR in just three months confirms one of the dark scenarios in the economy which we were warning the public about, VMRO-DPMNE President Hristijan Mickoski said today, as the shocking data from the Finance Ministry was revealed. Public debt is not at almost 60 percent...

Economy 27.05.20 | 14:07

Mickoski: Every household was pushed 1.500 EUR deeper into debt with misplaced stimulus programs

Opposition leader Hristijan Mickoski warned that every household in Macedonia will be 1.500 EUR deeper into debt by the end of the year as result of the coronavirus epidemic and the mishandling of the economic response. Most of the stimulus funds went to large companies, while small and mid sized ones...

Economy 12.04.20 | 20:21

Public debt can go as high as 70 percent of GDP, Mickoski warns

VMRO-DPMNE President Hristijan Mickoski warned that Macedonia will see a major rise in its debt under any of the various economic forecasts that are being put forward. The economic drop is now expected to be around 4 percent and could go as high as 7 percent, while the pace of lending for the year is...

Macedonia 11.04.20 | 19:20

Mickoski: With debt set to reach 65% of GDP, Macedonia has no room for error in its economic policies

VMRO-DPMNE President Hristijan Mickoski called on the SDSM led Government to enter in immediate talks with the opposition to prepare economic measures to help the economy after the expected downturn caused by the coronavirus epidemic. Mickoski said that the measures taken so far were late, insufficient,...

Economy 04.03.20 | 10:44

The only investment left is Zaev’s family growing wealth

Zoran Zaev’s policies destroyed the Macedonian economy and are leading the country into bankruptcy, VMRO-DPMNE said, recalling that Zoran Zaev yesterday added 131.6 million euros to its debt. It is a debt of a whopping € 70 for each individual, including newborns. Not only is public debt high,...

Economy 02.03.20 | 15:58

Government about to add 131.6 million EUR to the debt

The Government plans to add 131.6 million EUR to its debt tomorrow, with the latest pre-election bond auction. Under the SDSM led Government, the public debt broke through the psychological barrier of 50 percent of GDP. The leftist party strongly condemned adding to the debt while it was in the opposition,...

Economy 05.02.20 | 15:25

New debt issue worth 50 million EUR planned for next week

A new bond auction planned for next week will increase Macedonia’s debt by 50 million EUR. It’s the latest pre-election bond issue as the opposition warns that public spending is geared toward buying votes for the ruling SDSM party. The public debt surpassed the psychological barrier of 50...

Economy 24.12.19 | 17:13

Macedonia will add 270 million EUR in debt in the first half of 2020

The Finance Ministry published its plans for adding new debt in 2020, and it projects issues worth 270 million EUR in the first six months of the year. Macedonia’s public debt broke through the 5 billion EUR barrier under the SDSM Government and now stands at 5.7 billion. More than a billion of...

Macedonia 20.11.19 | 10:51

VMRO-DPMNE: Zaev indepts the state to commit electoral corruption

Zoran Zaev and Nina Angelovska indebt the state without a basis. The Ministry of Finance borrowed 82 million euros or 15 million more instead of the originally envisioned 67 million euros, VMRO-DPMNE said. The party emphasizes that it is unclear on what and how they will spend the extra 15m euros, just...

Economy 23.09.19 | 15:22

VMRO warns that under the new Finance Minister, the debt is about to grow by 100 million EUR in just one week

Shortly after assuing her position, new Finance Minister Nina Angelovska will preside over new debt issues worth 100 million EUR, VMRO-DPMNE warned. Following the latest bond issue of 62 million EUR, we have a new one, worth at least 40 million EUR, in the pipeline. Again it is Zaev who gives the orders...

Macedonia 26.08.19 | 15:23

Katica smells of 800 euro perfume

Furniture, luxury clothing, and even 1TV equipment – these are just some of the things that Bojan Jovanovski-Boki 13 has debts worth thousands of euros, “A1on” reports, citing sources close to the TV station. What was probably paid for was his wardrobe, which reportedly cost about 100,000...

Macedonia 05.08.19 | 14:50

Mickoski warns about the danger of a Greek-style financial collapse

VMRO-DPMNE President Hristijan Mickoski warns that Macedonia faces a Greek style bankrupt if the Zaev Government continues to pile on new debt. We are moving toward a Greek scenario. This includes two directions – reducing the infrastructure investments to a bare minimum, which we see is already...

Economy 26.06.19 | 12:31

Macedonia’s public debt inches closer to 50 percent of GDP

The public debt of the Republic of Macedonia grew to 48.5 percent of its gross domestic product in 2018, or a total amount of 5.2 billion EUR. This represents an increase from 46.7 percent of GDP, where the debt was in 2017. The central Government debt amounted to 4.344 billion EUR, or 40.5 percent of...

Economy 13.05.19 | 18:41

Government to issue 49 million EUR in new debt

The Macedonian government continues with bond issuing. The Ministry of Finance scheduled a new bond issue worth 49 million EUR for Tuesday. With the new bond issue added, the total debt for the first 5 months of the year will amount to 317.4 million euros. Earlier last month, the government raised 39...

Economy 08.05.19 | 16:51

Zaev’s Government issues 49 million EUR in new debt, brings 2019 total to 317.4 million EUR

The fast paced issuing of new debt continues. The Macedonian Government scheduled a bond issue worth 49 million EUR. If successful, it will bring the new debt issues for 2019 alone to a significant number of 317.4 million EUR. Just on one occasion two weeks ago, it raised 39 million EUR in new debt. International...

Economy 03.04.19 | 15:34

We achieved serious results, Tevdovski says after public debt goes down from 48.8 to 48.7 percent of GDP

Finance Minister Dragan Tevdovski today announced that under his administration Macedonia has significantly reduced its public debt – from 48.8 percent of GDP down to 48.7 percent of GDP. We achieved serious results. If the public debt levels grew from 23 to 48.8 percent of GDP from 2008 to 2016,...

World 13.02.19 | 12:43

US national debt hits 22 trillion dollars, new record

The national debt of the United States hit a new record on Tuesday, according to data from the Treasury, reaching a whopping 22 trillion dollars. US President Donald Trump’s tax cuts, which passed through a Republican-led Congress in December 2017, notably increased the debt. However, the debt has...

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