North Macedonia Forecast: Government Expenditure

1997 - 2031 | Yearly | MKD bn | International Monetary Fund

Key information about North Macedonia Forecast: Government Expenditure

  • North Macedonia Government Expenditure is forecasted to be 408.327 MKD bn in Dec 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 377.835 MKD bn in Dec 2025.
  • Looking ahead, North Macedonia Government Expenditure is projected to stand at 542.546 MKD bn in Dec 2031.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.

View North Macedonia's Forecast: Government Expenditure from 1997 to 2031 in the chart:

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North Macedonia Forecast: Government Expenditure
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North Macedonia Forecast: Government Expenditure

What is North Macedonia's Forecast: Government Expenditure in 2031?

North Macedonia Government Expenditure is forecasted to be 408.327 MKD bn in Dec 2026 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
542.546 2031 512.734 2030 64.408 1997 542.546 2031 MKD bn yearly 1997 - 2031

Forecast: Government Expenditure by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 268.305 2026 yearly 2003 - 2026
Albania (ALL bn) 1,214.244 2031 yearly 1997 - 2031
Algeria (DZD bn) 17,028.501 2031 yearly 1990 - 2031
Andorra (%) 38.467 2031 yearly 2001 - 2031
Angola (AOA bn) 44,515.084 2031 yearly 1996 - 2031
Antigua and Barbuda (XCD bn) 1.728 2031 yearly 1990 - 2031
Argentina (ARS bn) 699,041.910 2031 yearly 1993 - 2031
Armenia (AMD bn) 4,938.313 2031 yearly 2005 - 2031
Aruba (%) 21.826 2031 yearly 1995 - 2031
Australia (AUD bn) 1,403.146 2031 yearly 1988 - 2031
Austria (EUR bn) 342.326 2031 yearly 1988 - 2031
Azerbaijan (AZN bn) 60.729 2031 yearly 1994 - 2031
Bahamas (BSD bn) 4.275 2031 yearly 1990 - 2031
Bahrain (BHD bn) 6.636 2031 yearly 1990 - 2031
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 5.542 2032 yearly 1995 - 2032
Belarus (BYN bn) 179.312 2031 yearly 2001 - 2031
Belgium (EUR bn) 425.117 2031 yearly 1980 - 2031
Belize (BZD bn) 2.081 2031 yearly 1996 - 2031
Benin (XOF bn) 4,824.665 2031 yearly 1989 - 2031
Bhutan (BTN bn) 168.699 2031 yearly 1981 - 2031
Bolivia (BOB bn) 160.644 2026 yearly 1981 - 2026
Bosnia and Herzegovina (BAM bn) 37.144 2031 yearly 1998 - 2031
Botswana (BWP bn) 157.475 2032 yearly 1981 - 2032
Brazil (BRL bn) 8,476.375 2031 yearly 2001 - 2031
Brunei (BND bn) 7.759 2031 yearly 1980 - 2031
Bulgaria (BGN bn) 61.035 2031 yearly 1998 - 2031
Burkina Faso (XOF bn) 6,561.884 2031 yearly 1985 - 2031
Burundi (BIF bn) 11,427.610 2031 yearly 1990 - 2031
Cambodia (KHR bn) 58,750.348 2031 yearly 1996 - 2031
Cameroon (XAF bn) 9,013.756 2031 yearly 2000 - 2031
Canada (CAD bn) 1,789.926 2031 yearly 1980 - 2031
Cape Verde (CVE bn) 124.381 2031 yearly 1994 - 2031
Central African Republic (XAF bn) 594.467 2031 yearly 1987 - 2031
Chad (XAF bn) 3,597.607 2031 yearly 1995 - 2031
Chile (CLP bn) 121,587.322 2031 yearly 1990 - 2031
China (RMB bn) 62,904.803 2031 yearly 1982 - 2031
Colombia (COP bn) 872,724.384 2031 yearly 1982 - 2031
Comoros (KMF bn) 198.222 2031 yearly 1984 - 2031
Congo (XAF bn) 2,518.256 2031 yearly 1989 - 2031
Costa Rica (CRC bn) 11,357.490 2031 yearly 1990 - 2031
Croatia (EUR bn) 60.523 2031 yearly 1992 - 2031
Cyprus (EUR bn) 19.522 2031 yearly 1995 - 2031
Czech Republic (CZK bn) 4,793.227 2031 yearly 1995 - 2031
Democratic Republic of Congo (CDF bn) 79,700.848 2031 yearly 1996 - 2031
Denmark (DKK bn) 1,912.461 2031 yearly 1980 - 2031
Djibouti (DJF bn) 208.370 2031 yearly 1990 - 2031
Dominica (XCD bn) 1.130 2031 yearly 1990 - 2031
Dominican Republic (DOP bn) 2,371.314 2031 yearly 1997 - 2031
Ecuador (USD bn) 50.025 2025 yearly 1995 - 2025
Egypt (EGP bn) 7,887.892 2031 yearly 1999 - 2031
El Salvador (SVC bn) 15.230 2031 yearly 1990 - 2031
Equatorial Guinea (XAF bn) 1,562.405 2031 yearly 1980 - 2031
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 25.250 2031 yearly 1995 - 2031
Swaziland (SZL bn) 44.139 2032 yearly 1981 - 2032
Ethiopia (ETB bn) 6,433.148 2031 yearly 1980 - 2031
Fiji (FJD bn) 5.548 2031 yearly 1992 - 2031
Finland (EUR bn) 197.218 2031 yearly 1980 - 2031
France (EUR bn) 1,969.486 2031 yearly 1980 - 2031
Gabon (XAF bn) 5,007.718 2031 yearly 1990 - 2031
Gambia (GMD bn) 75.964 2031 yearly 2000 - 2031
Georgia (GEL bn) 49.134 2031 yearly 1995 - 2031
Germany (EUR bn) 2,798.121 2031 yearly 1991 - 2031
Ghana (GHS bn) 570.915 2031 yearly 1980 - 2031
Greece (EUR bn) 157.178 2031 yearly 1980 - 2031
Grenada (XCD bn) 1.536 2031 yearly 1990 - 2031
Guatemala (GTQ bn) 219.469 2031 yearly 1995 - 2031
Guinea (GNF bn) 99,886.937 2031 yearly 1990 - 2031
Guinea-Bissau (GWP bn) 433.156 2031 yearly 1991 - 2031
Guyana (GYD bn) 2,121.318 2031 yearly 1997 - 2031
Haiti (HTG bn) 747.981 2031 yearly 1997 - 2031
Honduras (HNL bn) 411.077 2031 yearly 1990 - 2031
Hong Kong SAR, China (HKD bn) 948.778 2032 yearly 1982 - 2032
Hungary (HUF bn) 56,951.384 2031 yearly 1995 - 2031
Iceland (ISK bn) 2,985.077 2031 yearly 1980 - 2031
India (INR bn) 182,390.979 2032 yearly 1989 - 2032
Indonesia (IDR bn) 6,406,306.537 2031 yearly 1993 - 2031
Iran (IRR bn) 270,213,445.365 2032 yearly 1991 - 2032
Iraq (IQD bn) 203,217.683 2031 yearly 2004 - 2031
Ireland (EUR bn) 203.016 2031 yearly 1980 - 2031
Israel (ILS bn) 1,244.310 2031 yearly 2000 - 2031
Italy (EUR bn) 1,341.259 2031 yearly 1988 - 2031
Ivory Coast (XOF bn) 21,351.213 2031 yearly 1997 - 2031
Jamaica (JMD bn) 1,607.301 2032 yearly 1991 - 2032
Japan (JPY bn) 308,115.128 2031 yearly 1980 - 2031
Jordan (JOD bn) 19.968 2031 yearly 1985 - 2031
Kazakhstan (KZT bn) 69,450.172 2031 yearly 2002 - 2031
Kenya (KES bn) 7,377.502 2031 yearly 1982 - 2031
Kiribati (AUD bn) 0.633 2031 yearly 1990 - 2031
South Korea (KRW bn) 827,278.828 2031 yearly 1995 - 2031
Kosovo (EUR bn) 5.380 2031 yearly 2000 - 2031
Kuwait (KWD bn) 29.604 2031 yearly 1985 - 2031
Kyrgyzstan (KGS bn) 1,530.511 2031 yearly 1995 - 2031
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 26.738 2031 yearly 1998 - 2031
Lebanon (LBP bn) 478,406.676 2025 yearly 1990 - 2025
Lesotho (LSL bn) 35.285 2032 yearly 1983 - 2032
Liberia (LRD bn) 1.672 2031 yearly 2000 - 2031
Libya (LYD bn) 593.409 2031 yearly 1990 - 2031

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 2024 yearly 1993 - 2024
Consolidated Fiscal Balance (USD mn) -764.590 2025 yearly 2009 - 2025
Tax Revenue (USD mn) 311.743 Mar 2026 monthly Jan 2004 - Mar 2026
Tax Revenue: % of GDP (%) 18.0 Mar 2026 quarterly Mar 2004 - Mar 2026
National Government Debt (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Government Debt: % of GDP (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Forecast: Government Expenditure (MKD bn) 542.546 2031 yearly 1997 - 2031
Forecast: Government Net Debt (MKD bn) 810.662 2031 yearly 1999 - 2031
Forecast: Government Revenue (MKD bn) 497.883 2031 yearly 1997 - 2031
Central Government Budget: Financing (MKD mn) 6,415.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 1,729.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Expenditure: Capital (MKD mn) 1,800.000 Apr 2026 monthly Jan 2004 - Apr 2026
Central Government Budget Balance (MKD mn) -6,415.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue (MKD mn) 32,386.000 Apr 2026 monthly Jan 2004 - Apr 2026
Central Government Budget: Expenditure: Current (MKD mn) 33,924.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 7,705.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Expenditure (MKD mn) 38,405.000 Mar 2026 monthly Jan 2004 - Mar 2026
Public Debt: Domestic (EUR mn) 4,570.228 2025 yearly 1999 - 2025
Public Debt: External (EUR mn) 5,493.877 2025 yearly 1999 - 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -193.5 Mar 2026 monthly Dec 1993 - Mar 2026
Total Exports (USD mn) 916.1 Apr 2026 monthly Jan 2002 - Apr 2026
Total Exports Growth (%) 10.3 Sep 2025 monthly Jan 2003 - Sep 2025
Aluminum: Exports (USD th) 2,950.942 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 173,759.623 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 2,463.067 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,354.8 Apr 2026 monthly Jan 2002 - Apr 2026
Total Imports Growth (%) 3.6 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Medicament (USD th) 226,116.306 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 80,622.846 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6.073 Apr 2026 monthly Jan 1999 - Apr 2026
Total Imports from USA (USD mn) 22.260 Apr 2026 monthly Jan 1993 - Apr 2026
Total Exports to China (USD mn) 4.783 Mar 2026 monthly Jan 1999 - Mar 2026
Total Imports from China (USD mn) 106.971 Mar 2026 monthly Aug 1996 - Mar 2026
Exports: Kosovo (USD th) 42,537.159 Mar 2026 monthly Jan 2013 - Mar 2026
Exports: Germany (USD th) 331,092.885 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: Czech Republic (USD th) 27,939.111 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: China (USD th) 6,345.823 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: Bulgaria (USD th) 57,705.103 Mar 2026 monthly Jan 2013 - Mar 2026
Imports: USA (USD th) 22,259.784 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Greece (USD th) 161,951.360 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Great Britain (USD th) 245,155.707 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Germany (USD th) 109,300.099 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: China (USD th) 106,971.350 Mar 2026 monthly Jan 2013 - Mar 2026
Import Value Index (2015=100) 187.400 2023 yearly 1995 - 2023
Export Value Index (2015=100) 197.800 2023 yearly 1995 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -215.0 Dec 2025 monthly Jan 2001 - Dec 2025
Current Account Balance (USD mn) 37.6 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance: % of GDP (%) -7.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 9.5 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Portfolio Investment (USD mn) 666.923 Mar 2026 quarterly Mar 1998 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 14.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 22.286 Dec 2025 quarterly Mar 1998 - Dec 2025
External Debt (USD mn) 14,345.4 Dec 2025 quarterly Dec 2005 - Dec 2025
External Debt: % of GDP (%) 72.0 2025 yearly 2004 - 2025
External Debt: Short Term (USD mn) 3,679.0 Dec 2025 quarterly Dec 2005 - Dec 2025
External Debt: Short Term: % of GDP (%) 19.4 2024 yearly 2004 - 2024
Total Debt: % of GDP (%) 342.8 2025 yearly 2013 - 2025
Forecast: Current Account Balance (USD bn) -0.873 2031 yearly 1992 - 2031
Net International Investment Position (USD mn) -10,243.560 Sep 2025 quarterly Dec 2006 - Sep 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 34.832 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Services (USD mn) 74.869 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: CA: Credit (USD mn) 1,320.558 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Net Errors & Omissions (USD mn) 34.119 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 107.331 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Mar 2026 monthly Jan 2001 - Mar 2026
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Credit (USD mn) 24.334 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 68.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -3.971 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: Capital Account: Debit (USD mn) 0.176 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods: Debit (USD mn) 949.347 Mar 2026 monthly Jan 2001 - Mar 2026
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,053.687 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.144 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: MI: Private (EUR mn) 6,762.921 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,438.688 Dec 2025 quarterly Mar 2006 - Dec 2025
FDI: Flow: United States of America (EUR mn) -6.637 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Austria (EUR mn) -98.505 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Belgium (EUR mn) -12.442 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Turkey (EUR mn) 23.857 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: United Kingdom (EUR mn) -13.903 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -5.589 Mar 2026 quarterly Mar 2009 - Mar 2026
FDI: Flow: NACE 2: Manufacturing (EUR mn) -45.634 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Construction (EUR mn) 36.408 Mar 2026 quarterly Mar 2009 - Mar 2026
FDI: Flow: NACE 2: Services (EUR mn) -85.259 Mar 2026 quarterly Mar 2009 - Mar 2026
Foreign Direct Investment (FDI): Flow (USD mn) 141.832 Mar 2026 monthly Jan 2007 - Mar 2026
No of Enterprises (Unit) 68,934.000 2024 yearly 2004 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Dec 2025 quarterly Dec 2005 - Dec 2025
Household Debt: % of GDP (%) 26.8 Mar 2026 quarterly Mar 2003 - Mar 2026
Non-Performing Loans (USD mn) 233.627 Sep 2025 quarterly Dec 2005 - Sep 2025
Money Supply M1 (USD mn) 6,201.714 Apr 2026 monthly Jan 2003 - Apr 2026
Money Supply M2 (USD mn) 10,699.742 Apr 2026 monthly Jan 2003 - Apr 2026
M2 Growth (%) 9.6 Apr 2026 monthly Jan 2004 - Apr 2026
Reserve Requirement Ratio (%) 9.0 Apr 2026 monthly Jan 2004 - Apr 2026
Foreign Exchange Reserves (USD mn) 5,075.4 May 2026 monthly Dec 1993 - May 2026
Foreign Exchange Reserves: % of GDP (%) 25.436 Mar 2026 quarterly Dec 2000 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 3.7 Apr 2026 monthly Jan 2002 - Apr 2026
Gold Reserves (USD mn) 1,025.228 Apr 2026 monthly Dec 1992 - Apr 2026
Total Deposits (USD mn) 12,463.517 Apr 2026 monthly Jan 2003 - Apr 2026
Total Deposits Growth (%) 9.3 Apr 2026 monthly Jan 2004 - Apr 2026
Domestic Credit (USD mn) 12,582.9 Apr 2026 monthly Jan 2003 - Apr 2026
Domestic Credit Growth (%) 11.9 Apr 2026 monthly Jan 2004 - Apr 2026
Household Debt (USD mn) 5,441.4 Apr 2026 monthly Jan 2003 - Apr 2026
Total Loans (USD mn) 10,929.175 Apr 2026 monthly Jan 2003 - Apr 2026
Total Loans Growth (%) 13.27 Apr 2026 monthly Jan 2004 - Apr 2026
Private Debt: % of Nominal GDP (%) 52.91 Mar 2026 quarterly Mar 2003 - Mar 2026
Official Reserve Assets (EUR mn) 5,207.362 Apr 2026 monthly Jan 2005 - Apr 2026
Official Reserve Assets: Foreign Currency (EUR mn) 4,327.626 Apr 2026 monthly Jan 2005 - Apr 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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