Kire Naumov, Macedonia's technical Deputy Finance Minister, again warned the banks and other financial institutions not to take part in future auctions of state bonds.
Naumov, appointed to the post as candidate of the opposition SDSM party, claims that under the political agreement reached last summer, his approval is required for every bond auction.
"I again warn all participants in the domestic capital market to bear in mind the newly created situation and consider the possibility that the Government will rescind decisions made by the Finance Ministry and other ministries, that were reached without the approval of the technical Deputy Ministers. In the Finance Ministry, not a single decision was reached with the approval of the technical Deputy Minister", Naumov said.
Shortly after his appointment in November, Naumov and Finance Minister Zoran Stavreski negotiated over a large bond issue and reached an agreement on its size.
Shortly afterwards, Naumov objected to several smaller bond auctions, warning the banks that buy the newly issued debt not to take part in the auctions.
Naumov claims that the newly issued debt is used to finance public spending ahead of the early elections on scheduled for June 5.
His latest warning comes after the Government annulled decisions made by two other SDSM candidates appointed to top positions in the Government, the technical Interior Minister Oliver Spasovski and the technical Labor and Welfare Minister Frosina Remenski.
Both have promoted and demoted hundreds of officials without the approval of their technical deputies, who are in their cases nominated by VMRO-DPMNE.