Macedonia Government Budget

Macedonia recorded a Government Budget deficit equal to 2.70 percent of the country's Gross Domestic Product in 2017. Government Budget in Macedonia averaged -2.34 percent of GDP from 1993 until 2017, 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.

Government Budget in Macedonia is expected to be -2.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Budget is projected to trend around -2.30 percent of GDP in 2020, according to our econometric models.

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Macedonia Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	40.70	39.50	57.20	20.50	percent	[+]
Government Budget	-2.70	-2.70	2.40	-13.40	percent of GDP	[+]
Government Budget Value	-2039.00	-768.00	4291.00	-11373.00	MKD Million	[+]
Government Spending	25141.00	26344.00	26344.00	11939.00	MKD Million	[+]
Government Revenues	15595.00	16742.00	19108.00	6756.00	MKD Million	[+]
Government Debt	4344.40	4302.30	4344.40	1387.00	EUR Million	[+]
Fiscal Expenditure	17634.00	17510.00	22880.00	6855.00	MKD Million	[+]
Credit Rating	47.50					[+]
Military Expenditure	109.00	112.00	370.00	102.00	USD Million	[+]

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. This page provides - Macedonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Budget - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-2.70	-2.70	2.40	-13.40	1993 - 2017	percent of GDP	Yearly

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Country	Last		Previous	Range
Argentina	-5.50	Dec/18	-6.1	3.7 : -6.4	%
Australia	-0.60	Dec/18	-1.9	2.2 : -4.2	%
Brazil	-7.10	Dec/18	-7.8	-2 : -10.2	%
Canada	-0.70	Dec/18	-0.9	5.1 : -8.1	%
China	-4.20	Dec/18	-3.7	0.58 : -4.2	%
Euro Area	-0.50	Dec/18	-1	-0.5 : -7.4	%
France	-2.50	Dec/18	-2.8	1.5 : -7.2	%
Germany	1.70	Dec/18	1	1.7 : -9.4	%
India	-3.42	Dec/18	-3.53	-2.53 : -8.13	%
Indonesia	-1.76	Dec/18	-2.51	3.02 : -2.58	%
Italy	-2.10	Dec/18	-2.4	-1.5 : -7.3	%
Japan	-3.80	Dec/18	-4.8	2.58 : -8.3	%
Mexico	-2.00	Dec/18	-1.1	3.3 : -3.4	%
Netherlands	1.50	Dec/18	1.2	1.5 : -8.7	%
Russia	2.70	Dec/18	-1.5	9.88 : -7.9	%
Saudi Arabia	-9.20	Dec/18	-8.9	43.17 : -25.27	%
Singapore	0.40	Dec/18	0.3	21.23 : -1.2	%
South Africa	-4.40	Dec/18	-4.4	1 : -7.4	%
South Korea	-1.60	Dec/18	-1.1	3.47 : -4.1	%
Spain	-2.50	Dec/18	-3.1	2.2 : -11	%
Switzerland	1.30	Dec/18	1.2	1.9 : -3.2	%
Turkey	-2.00	Dec/18	-1.5	-0.6 : -33	%
United Kingdom	-2.00	Dec/18	-2.3	4.8 : -9.9	%
United States	-3.80	Dec/18	-3.5	4.5 : -9.8	%