Macedonia recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2024. Government Budget in Macedonia averaged -2.80 percent of GDP from 1993 until 2024, 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 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Government Budget is projected to trend around -3.50 percent of GDP in 2026, according to our econometric models.