Macedonia recorded a Government Budget deficit equal to 8.10 percent of the country's Gross Domestic Product in 2020. source: National Bank of the Republic of Macedonia

Government Budget in Macedonia averaged -2.52 percent of GDP from 1993 until 2020, 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 December 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


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Government Budget -8.10 -2.10 percent of GDP Dec/20
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.