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 December of 2020.

Government Budget in Macedonia is expected to reach -4.10 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Budget is projected to trend around -5.20 percent of GDP in 2021 and -3.80 percent of GDP in 2022, 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 [+]
Government Budget -2.00 -1.70 2.40 -13.40 percent of GDP [+]
Government Budget Value 1047.00 -951.00 4291.00 -11373.00 MKD Million [+]
Government Spending 27836.00 26898.00 28133.00 11939.00 MKD Million [+]
Government Revenues 18525.00 16486.00 20711.00 6756.00 MKD Million [+]
Government Debt 4344.40 4302.30 4344.40 1387.00 EUR Million [+]
Fiscal Expenditure 17478.00 17437.00 26878.00 6855.00 MKD Million [+]
Military Expenditure 109.00 112.00 370.00 102.00 USD Million [+]
Credit Rating 45.00 [+]


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.