Mugoša: Economic logic based on administrative growth of consumption

AUTHOR:M.J. GDNUS

After GDP had the lowest growth last year in the last 8 years (the exception is the corona 2020), the World Bank forecasts the same GDP growth rate this year, stated on the X network the head of the SD parliamentary group and representative of the European Union Boris Mugoša.

“What is particularly worrying, apart from the low and insufficient growth rate of 3%, is that when drafting the budget (financial indicators) for 2025, the Government used a GDP growth projection of 4.8% for this year,” Mugoša said.

These are, Mugoša points out, indicative data, which once again point to the necessity of implementing genuine structural reforms, diversifying the economy and improving its competitiveness.

"Economic logic based on administrative growth in consumption, without substantial rationalization of unproductive expenditures, and massive borrowing does not lead to stability and sustainability of the financial system. I would like to remind you that last year saw the lowest import-export coverage in the last 15 years, only 15.1%, and the largest foreign trade deficit in the last 15 years, around 3.5 billion euros, and that data from the beginning of this year show even worse trends," concluded Mugoša.