Former Yugoslav Republic of Macedonia

Macedonia is making a concerted effort to enhance its fiscal transparency practices. The government has placed improving the quality and transparency of public institutions at the core of its 2018–21 Public Financial Management (PFM) Reform Program. Some progress has been made, particularly on increasing the availability of information on the use of public resources during the year, and further initiatives are underway to strengthen the medium-term focus and policy orientation of the budget as well as the legal framework for budget formulation and reporting. Further compliance with the European Union’s fiscal reporting requirements, as a candidate country for EU membership, will also strengthen transparency.