MACROECONOMIC INDICATIVE PLANNING IN THE REPUBLIC OF MACEDONIA – A WAY FORWARD?

Sasho Kosev

The macroeconomic planning is a basic precondition for preparation and efficient realization of the socio-economic development strategic goals and targets in the Republic of Macedonia. But, this approach requires preparation and application of an adequate institutional, analytical, methodological and modelling framework of the system of indicative macroeconomic planning.The institutional framework of the system of indicative macroeconomic planning is identified through: State Statistical Office of the Republic of Macedonia, the Agency for macroeconomic models, analyses and studies (non-existent at the moment) and the Ministry of Finance (Macroeconomic Department). The most adequate analytical framework for macroeconomic analysis and planning is the elaboration, preparation and implementation of an input-output table, a social accounting matrix (SAM) and a macroeconomic CGE human sustainable development model.