Author: Финанце Тхинк

  • Meeting with representatives from institutions, experts, and the business community

    Finance Think organized a meeting with representatives from public institutions, experts, and the business community on the topic “Just Energy Transition: What Are the Benefits and What Are the Risks.” Key conclusions: Economic benefits through savings in household electricity costs and increased competitiveness of companies. Cleaner and healthier environment through greater use of renewable energy […]
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    The post ChatGPT said: Meeting with representatives from institutions, experts, and the business community appeared first on Finance Think.

  • In an interview for Sloboden Pechat, Blagica Petreski discusses current economic issues

    It cannot be said that larger “municipalities always have greater capacity – there are also examples of small municipalities with good planning and discipline. The main problem is often the internal capacity for planning and phased implementation, as many municipalities start numerous projects but do not complete them. Link
    The post In an interview for Sloboden Pechat, Blagica Petreski discusses current economic issues first appeared on Finance Think.
    The post In an interview for Sloboden Pechat, Blagica Petreski discusses current economic issues appeared first on Finance Think.

  • Finance Think at the Second Macro-Peer Learning Event

    🔹 Finance Think, represented by our Blagica Petreski, took part with a presentation on our good practices at the Second Macro-Peer Learning Event, organized by World Bank North Macedonia within the #EU Trust Fund for Strengthening #FiscalGovernance in the #WesternBalkans. The event, held in Podgorica on September 29–30, brought together experts from ministries of finance, […]
    The post Finance Think at the Second Macro-Peer Learning Event first appeared on Finance Think.
    The post Finance Think at the Second Macro-Peer Learning Event appeared first on Finance Think.

  • Concluding ceremony within EESC

    In Brussels, under the slogan “Stand up for democracy, speak up for Europe”, the closing ceremony of the mandate of President Oliver Röpke at the European Economic and Social Committee (EESC) was held.✨ The event highlighted the Committee’s contributions to strengthening democracy, the role of youth, civil society, and equality in Europe. Representatives from all […]
    The post Concluding ceremony within EESC first appeared on Finance Think.
    The post Concluding ceremony within EESC appeared first on Finance Think.

  • Discussion with community stakeholders on a just energy transition

    Today, in Bitola, we discussed the benefits and risks of the #energytransition with community representatives: stakeholders and workers from REK Bitola, local NGOs, business, and the academic community.With this, we are launching our action for a #justtransition in the energy sector, with a focus on the affected regions.We are carrying out this action together with […]
    The post Discussion with community stakeholders on a just energy transition first appeared on Finance Think.
    The post Discussion with community stakeholders on a just energy transition appeared first on Finance Think.

  • FT Opinion 66 for the prices developments (MK content)

    Според податоците од Државниот завод за статистика, инфлацијата во месец јули 2025 изнесува 4.8% на годишно ниво и 1.1% на месечно ниво. Со тоа, инфлацијата го продолжи забрзувањето коешто беше присутно и во претходните месеци (Слика 1). Слика 1 – Инфлација според индексот на трошоците на живот Извор: Државен завод за статистика. Сепак, прегледот на […]
    The post FT Opinion 66 for the prices developments (MK content) first appeared on Finance Think.
    The post FT Opinion 66 for the prices developments (MK content) appeared first on Finance Think.

  • Finance Think at the forum „Building an Inclusive Future in an Enlarged EU“

    📍 Finance Think participated in the High-Level Forum dedicated to EU enlargement, with the participation of Executive Director Blagica Petreski, in her capacity as a member of the European Economic and Social Committee (EESC) for enlargement candidate countries.🔵 The Forum, held under the motto “Building an Inclusive Future in an Enlarged EU,” focused on the role of social dialogue, civil society, and youth engagement in the enlargement process.#EUEnlargementForum #EESC #EUAccession #CivilDialogue #WesternBalkans

  • FT Opinion No. 65 on the 2025 Budget Supplement

    The Government has adopted and submitted to Parliament the Proposal for Amending and Supplementing the Budget of the Republic of North Macedonia for 2025. According to the proposal, tax revenues remain at nearly the same level as initially planned, while expenditures increase by the amount of higher non-tax revenues, keeping the total projected budget deficit unchanged.
    Finance Think maintains the position expressed in our FT Comment No. 40 on the Draft Budget of the Republic of North Macedonia for 2025, dated November 19, 2024, that the projected growth of tax revenues of 12.6%, i.e. more than double the sum of the projected real GDP growth rate and the (revised) inflation rate, is ambitious to achieve. This concern is also reflected in the realization of tax revenues in the first five months of 2025, which stands at 37.6% (compared to the proportional realization rate of 41.7%), similar to the performance of VAT revenues (36.9%), excises (34.4%), and import duties (36.6%), all of which directly reflect the pulse of the economy.
    Nevertheless, it is worth noting that non-tax revenues increased by 4.2 billion denars, largely achieved through the financial result of the National Bank, enabled by law amendments earlier in 2025, which allowed 85% of the National Bank’s financial result to be transferred to the state budget.
    This increase in budget revenues enabled a rise in expenditures, primarily in public sector wages (830 million denars), goods and services (1.8 billion denars), and pensions (2.5 billion denars). Finance Think notes that this restructuring of expenditures unfavorably affects the ongoing fiscal consolidation process.

    First, the increase in budgetary spending that affects aggregate consumption carries a risky potential to sustain price growth persistence throughout 2025 and into early 2026. Particularly concerning is that pension expenditure growth has reached 16.8% compared to 2024, considering that the initial projected growth of 14.8% was already high. Already in FT Comment No. 40 on the Draft Budget for 2025, we noted: “These two items [wages and pensions, ed. note] are especially important because they weaken fiscal consolidation and continue to reflect the expansionary nature of fiscal policy, and therefore remain a primary source of inflationary risk in 2025.” These concerns have materialized, as inflation in the first five months of 2025 stood at 3.7%, remaining persistently high despite tight monetary policy and government measures such as price and margin freezes in the food sector. With the increased expansionary stance of fiscal policy via the budget rebalance, inflation persistence will likely continue in the period ahead.

    Second, the line item ‘goods and services’ grows by 22.5% compared to 2024 realization, a particularly sharp acceleration, considering the already high initial projection of 14.8%. Since this item lacks transparency and includes, for example, service contracts that act as quasi-employment in the public sector, it poses risks, especially in a local election year.

    With the rebalance, capital expenditures remain at a level similar to the initial projection from December 2024, but as of May 2025, they have only been realized at 22.5%. Consequently, Finance Think anticipates that the likely materialization of the risk of underperforming tax revenues by year-end will be offset by under-execution of capital expenditures, resulting in a year-end deficit in line with – or lower than – the projected level.

  • Finance Think at the OTT Conference in Johanesburg

    The OTT Conference 2025 is currently taking place in Johannesburg, South Africa, from June 17–19.

    This global conference is dedicated to the think tank community, focusing on the impact of think tanks on policies, institutions, and societies.Finance Think is part of this international platform through the participation of our Executive Director, Blagica Petreski.

  • Blagica Petreski on current topics in Win-Win with Olivera Trajkovska

    ❗In its first year, the Government is showing a moderate pace in implementation, while some of the structural reform policies are in direct contradiction to the proclaimed goals.What has been achieved, what are the risks, and what are the expectations?Our very own @blagica_beba_petreski debated these questions on Win-Win with Olivera Trajkovska.Monitoring of government promises is supported by Civica Mobilitas.

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