Macedonia recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2025. Government Budget in Macedonia averaged -2.82 percent of GDP from 1993 until 2025, 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. source: National Bank of the Republic of Macedonia
Government Budget in Macedonia is expected to reach -4.50 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Government Budget is projected to trend around -3.80 percent of GDP in 2027 and -3.40 percent of GDP in 2028, according to our econometric models.