SDSM: 73 million euros of new debt in three weeks as prices continue to rise
SDSM detailed three recent loans and accused the Government of North Macedonia of repeated borrowing to cover current costs and tenders.
The opposition party SDSM accused the Government of North Macedonia of taking on new debt nearly every week while citizens face rising prices for basic goods and fuels.
Recent transactions cited by SDSM
SDSM listed three recent borrowings: on 14 July the state took on seven million euros from state enterprises; on 29 July it contracted 25 million euros from the World Bank; and on 5 August an additional 41 million euros was raised through three new issues of government bonds.
“In just three weeks, more than 70 million euros of new debt. In two years over 2.5 billion euros of new borrowing. This is not economic policy. This is a policy of constant borrowing to cover current expenses and tenders,” SDSM said.
The party highlighted the scale of recent liabilities and pointed to a longer trend, stating that in the past two years the country accumulated more than 2.5 billion euros in new debt.
SDSM framed the pattern of short-term borrowing as a tool to finance everyday costs and public procurement rather than as part of a coherent economic strategy.
The opposition message follows public complaints about higher consumer prices; SDSM used the listed loan operations to underscore its criticism of the government’s fiscal approach.
Photo: press material from the event
