Macedonia is expected to record a budget deficit equivalent to 3.8 percent of GDP in 2015, according to European Commission’s Winter 2016 Economic Forecast. Government Budget in Macedonia averaged -2.26 percent of GDP from 1993 until 2014, reaching an all time high of 2.40 percent of GDP in 2000 and a record low of -13.40 percent of GDP in 1993. Government Budget in Macedonia is reported by the National Bank of the Republic of Macedonia. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides – Macedonia Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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