Government Spending in Macedonia increased to 28968 MKD Million in the fourth quarter of 2020 from 27798 MKD Million in the third quarter of 2020. source: State Statistical Office of the Republic of Macedonia

Government Spending in Macedonia averaged 20192.15 MKD Million from 2003 until 2020, reaching an all time high of 28968 MKD Million in the fourth quarter of 2020 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 May of 2021.

Government Spending in Macedonia is expected to be 26199.00 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 29271.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 30062.00 MKD Million in 2022 and 30873.00 MKD Million in 2023, according to our econometric models.

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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
28968.00 27798.00 28968.00 11939.00 2003 - 2020 MKD Million Quarterly
Current Prices, NSA

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.40 57.20 20.50 percent [+]
Government Budget -2.00 -1.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -1396.00 -2755.00 4291.00 -13809.00 MKD Million [+]
Government Spending 28968.00 27798.00 28968.00 11939.00 MKD Million [+]
Government Revenues 17305.00 16435.00 20711.00 6756.00 MKD Million [+]
Government Debt 5516.00 5573.10 5573.10 1387.00 EUR Million [+]
Fiscal Expenditure 18701.00 19190.00 33465.00 6855.00 MKD Million [+]
Military Expenditure 156.00 120.00 396.00 108.00 USD Million [+]
Credit Rating 45.00 [+]

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.