Government Spending in Macedonia increased to 29838 MKD Million in the second quarter of 2021 from 27247 MKD Million in the first quarter of 2021. source: State Statistical Office of the Republic of Macedonia

Government Spending in Macedonia averaged 20417.84 MKD Million from 2003 until 2021, reaching an all time high of 29838 MKD Million in the second quarter of 2021 and a record low of 11939 MKD Million in the first quarter of 2003. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Macedonia is expected to be 29132.00 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Spending is projected to trend around 30434.00 MKD Million in 2022 and 31347.00 MKD Million in 2023, according to our econometric models.

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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
29838.00 27247.00 29838.00 11939.00 2003 - 2021 MKD Million Quarterly
Current Prices, NSA

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 51.20 40.70 57.20 20.50 percent of GDP [+]
Government Budget -8.10 -2.10 2.40 -13.40 percent of GDP [+]
Government Budget Value -3143.00 -3797.00 4291.00 -13809.00 MKD Million [+]
Government Spending 29838.00 27247.00 29838.00 11939.00 MKD Million [+]
Government Revenues 20209.00 17496.00 20711.00 6756.00 MKD Million [+]
Government Debt 6411.00 5516.00 6411.00 1387.00 EUR Million [+]
Fiscal Expenditure 23352.00 21293.00 33465.00 6855.00 MKD Million [+]
Credit Rating 45.00 [+]
Military Expenditure 154.00 146.00 378.00 103.00 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.