Macedonia recorded a government budget deficit of 3143 MKD Million in July of 2021. source: Ministry of Finance of the Republic of Macedonia

Government Budget Value in Macedonia averaged -1294.74 MKD Million from 2006 until 2021, reaching an all time high of 4291 MKD Million in August of 2007 and a record low of -13809 MKD Million in December of 2020. This page provides - Macedonia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Budget Value - values, historical data and charts - was last updated on September of 2021.

Government Budget Value in Macedonia is expected to be -495.85 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 Budget Value is projected to trend around -495.85 MKD Million in 2022, according to our econometric models.

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Macedonia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-3143.00 -3797.00 4291.00 -13809.00 2006 - 2021 MKD Million Monthly
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 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.