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 October 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 30524.00 MKD Million in 2022 and 31439.00 MKD Million in 2023, according to our econometric models.

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Macedonia Government Spending


Macedonia Last Unit Reference Previous Highest Lowest
Government Spending 29838.00 MKD Million Jun/21 27247.00 29838.00 11939.00


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.