Government Spending in Macedonia decreased to 27247 MKD Million in the first quarter of 2021 from 28968 MKD Million in the fourth quarter of 2020. source: State Statistical Office of the Republic of Macedonia

Government Spending in Macedonia averaged 20288.79 MKD Million from 2003 until 2021, reaching an all time high of 28968 MKD Million in the fourth quarter of 2020 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. Macedonia Government Spending - values, historical data and charts - was last updated on June of 2021.

Government Spending in Macedonia is expected to be 26199.00 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 29271.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 30062.00 MKD Million in 2022 and 30873.00 MKD Million in 2023, according to our econometric models.

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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
27247.00 28968.00 28968.00 11939.00 2003 - 2021 MKD Million Quarterly
Current Prices, NSA

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 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.