Macedonia recorded a government budget deficit of 2096 MKD Million in November of 2019. Government Budget Value in Macedonia averaged -977.83 MKD Million from 2006 until 2019, reaching an all time high of 4291 MKD Million in August of 2007 and a record low of -11373 MKD Million in December of 2008.

Government Budget Value in Macedonia is expected to be -493.27 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Macedonia to stand at -493.27 in 12 months time. In the long-term, the Macedonia Government Budget Value is projected to trend around -495.85 MKD Million in 2020, according to our econometric models.

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Macedonia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-2096.00 2775.00 4291.00 -11373.00 2006 - 2019 MKD Million Monthly
Current Prices, NSA


Macedonia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 39.50 57.20 20.50 percent [+]
Government Budget -1.80 -2.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -2096.00 2775.00 4291.00 -11373.00 MKD Million [+]
Government Spending 25093.00 26273.00 26344.00 11939.00 MKD Million [+]
Government Revenues 16424.00 19627.00 19627.00 6756.00 MKD Million [+]
Government Debt 4344.40 4302.30 4344.40 1387.00 EUR Million [+]
Fiscal Expenditure 18520.00 16852.00 22880.00 6855.00 MKD Million [+]
Credit Rating 42.00 [+]
Military Expenditure 109.00 112.00 370.00 102.00 USD Million [+]