The main consideration of public debt in the Republic of Macedonia

The main consideration of public debt in the Republic of Macedonia

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The book presents the findings from the research of the public debt in the Republic of Macedonia. The basic hypothesis is that the increase in public debt and its sustainability is a complex problem that negatively affects the overall economic activity and the long-term fiscal sustainability. According to the comprehensive and theoretical analysis of global and regional practices, as well as empirical studies, we concluded that the level of public debt in the Macedonia, is not high. But the trend of borrowing, as well as the purpose of debt, its structure, cost of borrowing, economic and fisca...