Government Budget in Macedonia decreased to -2 percent of GDP in 2019 from -1.70 percent of GDP in 2018. source: National Bank of the Republic of Macedonia

Government Budget in Macedonia averaged -2.31 percent of GDP from 1993 until 2019, reaching an all time high of 2.40 percent of GDP in 2000 and a record low of -13.40 percent of GDP in 1993. This page provides - Macedonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Budget - values, historical data and charts - was last updated on June of 2021.

Government Budget in Macedonia is expected to reach -5.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Budget is projected to trend around -4.30 percent of GDP in 2022 and -3.80 percent of GDP in 2023, according to our econometric models.

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Macedonia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.70 2.40 -13.40 1993 - 2019 percent of GDP Yearly

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.40 57.20 20.50 percent of GDP [+]
Government Budget -2.00 -1.70 2.40 -13.40 percent of GDP [+]
Government Budget Value 35.00 -1396.00 4291.00 -13809.00 MKD Million [+]
Government Spending 27247.00 28968.00 28968.00 11939.00 MKD Million [+]
Government Revenues 19294.00 17305.00 20711.00 6756.00 MKD Million [+]
Government Debt 5516.00 5573.10 5573.10 1387.00 EUR Million [+]
Fiscal Expenditure 19259.00 18701.00 33465.00 6855.00 MKD Million [+]
Credit Rating 45.00 [+]
Military Expenditure 154.00 146.00 378.00 103.00 USD Million [+]


Macedonia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.