Government Spending in Macedonia decreased to 24736 MKD Million in the third quarter of 2018 from 25188 MKD Million in the second quarter of 2018. Government Spending in Macedonia averaged 19326.40 MKD Million from 2003 until 2018, reaching an all time high of 25762 MKD Million in the fourth quarter of 2016 and a record low of 11939 MKD Million in the first quarter of 2003.

Government Spending in Macedonia is expected to be 26085.00 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Macedonia to stand at 23692.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 27406.00 MKD Million in 2020, according to our econometric models.

Macedonia Government Spending
Forecast Data Chart
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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 1044.00 -145.00 4291.00 -11373.00 MKD Million [+]
Government Spending 24736.00 25188.00 25762.00 11939.00 MKD Million [+]
Government Revenues 17037.00 15020.00 18975.00 6756.00 MKD Million [+]
Government Debt 4300.40 4270.70 4300.40 1387.00 EUR Million [+]
Fiscal Expenditure 15993.00 15165.00 22880.00 6855.00 MKD Million [+]
Credit Rating 47.50 [+]
Military Expenditure 109.90 101.50 359.60 98.70 USD Million [+]

Macedonia Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Spending - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
24736.00 25188.00 25762.00 11939.00 2003 - 2018 MKD Million Quarterly
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