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EРCУБOРNИOКMАY
Pavle Gacov
The author is President
of the Assembly of
Accountants’ Association of
the Republic of Macedonia
Demonstration exercise – Analyses as an attachment to every governmental policy
RATIONAL INSTEAD OF EMOTIONAL
MACROECONOMIC POLICIES
Some things should be as clear tification of the measures and their re-
as the day, even during the sults. Unfortunately, they are not an
night. Macedonia needs re- attachment to the proposed measures.
forms, from scratch. The root Scenarios are not prepared with alter-
of the real reforms should be native solutions if the measures do not
searched in the real sectors, that is, in give the expected results. The choice
the matrix that moves the Macedonian should be made from the proposed al-
real economy and the public finance. ternatives.
The Macedonian macroeconomic ma- To make this article more interesting,
trix needs an overhaul. we would indicate only three examples
about the open issue, recent examples.
In this text we will review a segment
of the bad functioning of the matrix – First, the payment of contributions
lack of the methodological approach in for the honorariums to the citizens as
the adoption of new policies, that in, the a “revolutionary” measure of the coun-
change of the existing macroeconomic try hardly survived for 7 months. The
policies. ones who postponed the collection of
the remunerations in that period were
We put the hard policy aside to pre- the winners (they saved). The ones who
vent it to “pollute” our text. We will only tried to adhere to the measure (the Law)
conclude that the political “radioactiv- “burned” their money. Being unsuccess-
ity” is holding back the Macedonian ful, the measure is abolished.
economy. The year of 2016 will clearly
show that the business sector does not Second, before the year of 2014 end-
function when it is expecting a political ed, the way profit is taxed was changed
resolution. with the inclusion of the financial result
in the base for taxation. The business
Actually, what real notes do we have plans for 2015 of the companies were
for the past model of management of devastated. The reason was the unan-
the macro-economy and the public fi- nounced returning of the ten percent
nance? tax fee that was paid for the period that
passed retroactively. The planned bud-
The policies are made emotionally in- get for this tax for 2015 was outpaced
stead of being created rationally. by more than 300%. Even with the great
rebalancing of this item in the Budget of
Most of the measures of the country the Republic of Macedonia for 2015, the
(economic policies) are not supported by outpacing was huge. The money from
detailed analysis for the effects from the
proposed measures. The cost-benefit
analyses are an excellent tool for quan-
62 July-August 2016
