Government Spending in Macedonia decreased to 25093 MKD Million in the third quarter of 2019 from 26273 MKD Million in the second quarter of 2019. Macedonia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Macedonia averaged 19707.67 MKD Million from 2003 until 2019, reaching an all time high of 26344 MKD Million in the fourth quarter of 2018 and a record low of 11939 MKD Million in the first quarter of 2003. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Macedonia is expected to be 25418.00 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Macedonia to stand at 25695.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 26312.00 MKD Million in 2021 and 26943.00 MKD Million in 2022, according to our econometric models.


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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
25093.00 26273.00 26344.00 11939.00 2003 - 2019 MKD Million Quarterly
Current Prices, NSA


Macedonia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.