Macedonia recorded a government budget deficit of 3539 MKD Million in November of 2018. Government Budget Value in Macedonia averaged -992.72 MKD Million from 2006 until 2018, reaching an all time high of 4291 MKD Million in August of 2007 and a record low of -11373 MKD Million in December of 2008.

Government Budget Value in Macedonia is expected to be -841.37 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Macedonia to stand at -501.65 in 12 months time. In the long-term, the Macedonia Government Budget Value is projected to trend around -495.85 MKD Million in 2020, according to our econometric models.

Macedonia Government Budget Value
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Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.70 39.60 57.20 20.50 percent [+]
Government Budget -2.70 -2.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -3539.00 1044.00 4291.00 -11373.00 MKD Million [+]
Government Spending 24736.00 25188.00 25762.00 11939.00 MKD Million [+]
Government Revenues 15751.00 17037.00 18975.00 6756.00 MKD Million [+]
Government Debt 4302.30 4300.40 4302.30 1387.00 EUR Million [+]
Fiscal Expenditure 19290.00 15993.00 22880.00 6855.00 MKD Million [+]
Credit Rating 47.50 [+]
Military Expenditure 109.90 101.50 359.60 98.70 USD Million [+]


Macedonia Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Macedonia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Budget Value - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3539.00 1044.00 4291.00 -11373.00 2006 - 2018 MKD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -135316.20 Dec/18
Australia 6068.00 Nov/18
Brazil -50631.00 Nov/18
Canada -1113.00 Oct/18
China -286.50 Nov/18
France -95.64 Nov/18
Germany 36.06 Jun/18
India -7166.25 Dec/18
Indonesia -259900.00 Dec/18
Italy -10.40 Nov/18
Japan -60963.00 Sep/18
Mexico -40905.70 Nov/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 534.00 Nov/18
South Africa -13966.00 Nov/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5198837.00 Nov/18
United Kingdom -3181.00 Nov/18
United States -205000.00 Nov/18


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