FINANCIAL DISCIPLINE OF ENTERPRISES' ACTIVITIES IN THE REPUBLIC OF MACEDONIA

Entities in the Economy are realizing different types of transactions making financial obligations that usually cannot be fulfilled. As a result there is a problem with financial recovery that disrupts their liquidity, and at the end point, their activity in the economy is worsened. Because of that, in December 2013, for the first time in the Republic of Macedonia was voted the Law for Financial Discipline that regulates payments on time for all financial activities made between private and public entities, preventing failure of the financial obligations on agreed terms. In this direction were the latest changes in the Law for hostages. Financial discipline is best way for solvent and growing economy. Recognition and promotion should be a starting point for motivation for any kind of discipline, instead of punishment. In this article we would like to determine the reasons and needs for finding the way which will be regulatory instead of punishment for successful financial discipline of the entities, that will improve their liquidity and, of course, to ensure better activities in the whole Macedonian economy.