Macedonia Government Budget

Macedonia recorded a Government Budget deficit equal to 3.80 percent of the countrys Gross Domestic Product in 2012. Government Budget in Macedonia is reported by the National Bank of the Republic of Macedonia. From 1993 until 2012, Macedonia Government Budget averaged -5.6 Percent of GDP reaching an all time high of -0.4 Percent of GDP in December of 2006 and a record low of -12.6 Percent of GDP in December of 2008. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.80 -2.50 -0.40 -12.60 -3.91 | 2013/12 1993 - 2012 Percent of GDP Yearly

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Macedonia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt to GDP 30.40 2012-12-31 28.10 48.80 20.60 32.53 2013-12-31 Percent [+]
Government Budget -3.80 2012-12-31 -2.50 -0.40 -12.60 -3.91 2013-12-31 Percent of GDP [+]
Government Budget Value -5669.00 2014-02-15 -1889.00 4291.00 -11373.00 -3421.57 2014-03-31 MKD Million [+]
Government Spending 21687.00 2013-11-15 20034.00 22367.00 11939.00 21028.37 2014-03-31 MKD Million [+]
Credit Rating 47.50 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Macedonia Balance of Trade at -181811.00 USD Thousands  
Macedonia recorded a trade deficit of 181811 USD Thousands in February of 2014. Balance of Trade in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Current Account at -22.90 USD Million  
Macedonia recorded a Current Account deficit of 22.90 USD Million in January of 2014. Current Account in Macedonia is reported by the National Bank of the Republic of Macedonia.
Macedonia Changes in Inventories at 29519.00 MKD Million  
Changes in Inventories in Macedonia increased to 29519 MKD Million in 2012 from 25850 MKD Million in 2011. Changes in Inventories in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Consumer Price Index (CPI) at 100.56 Index Points  
Consumer Price Index (CPI) in Macedonia decreased to 100.56 Index Points in March of 2014 from 100.73 Index Points in February of 2014. Consumer Price Index (CPI) in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Consumer Spending at 90372.00 MKD Million  
Consumer Spending in Macedonia increased to 90372 MKD Million in the fourth quarter of 2013 from 89925 MKD Million in the third quarter of 2013. Consumer Spending in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Employed Persons at 685479.00  
The number of employed persons in Macedonia increased to 685479 in the fourth quarter of 2013 from 682448 in the third quarter of 2013. Employed Persons in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Exports at 376474.00 USD Thousands  
Exports in Macedonia increased to 376474 USD Thousands in February of 2014 from 320416 USD Thousands in January of 2014. Exports in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia GDP Constant Prices at 127842.00 MKD Million  
GDP Constant Prices in Macedonia increased to 127842 MKD Million in the fourth quarter of 2013 from 123246 MKD Million in the third quarter of 2013. GDP Constant Prices in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia GDP Deflator at 100.13 Percent  
GDP Deflator in Macedonia decreased to 100.13 percent in 2012 from 103.10 percent in 2011. GDP Deflator in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Government Budget Value at -5669.00 MKD Million  
Macedonia recorded a government budget deficit of 5669 MKD Million in February of 2014. Government Budget Value in Macedonia is reported by the Ministry of Finance of the Republic of Macedonia.
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