North Macedonia Forecast: Government Expenditure

1997 - 2028 | Yearly | MKD bn | International Monetary Fund

Key information about North Macedonia Forecast: Government Expenditure

  • North Macedonia Government Expenditure is forecasted to be 341.334 MKD bn in Dec 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 323.358 MKD bn in Dec 2023.
  • Looking ahead, North Macedonia Government Expenditure is projected to stand at 419.692 MKD bn in Dec 2028.
  • 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 2028 in the chart:

North Macedonia Forecast: Government Expenditure

What is North Macedonia's Forecast: Government Expenditure in 2028?

North Macedonia Government Expenditure is forecasted to be 341.334 MKD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
419.692 2028 398.988 2027 64.408 1997 419.692 2028 MKD bn yearly 1997 - 2028

Forecast: Government Expenditure by Country Comparison

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Includes Forecast: Government Expenditure on 195 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (AFA bn) 219.373 2021 yearly 2002 - 2021
Albania (ALL bn) 1,003.860 2028 yearly 1997 - 2028
Algeria (DZD bn) 16,122.290 2028 yearly 1990 - 2028
Andorra (%) 36.271 2028 yearly 2001 - 2028
Angola (AOA bn) 25,453.760 2028 yearly 1996 - 2028
Antigua and Barbuda (XCD bn) 1.537 2028 yearly 1990 - 2028
Argentina (ARS bn) 553,829.690 2028 yearly 1993 - 2028
Armenia (AMD bn) 4,073.820 2028 yearly 2005 - 2028
Aruba (%) 21.292 2028 yearly 1995 - 2028
Australia (AUD bn) 1,137.330 2028 yearly 1988 - 2028
Austria (EUR bn) 295.369 2028 yearly 1988 - 2028
Azerbaijan (AZN bn) 46.691 2028 yearly 1994 - 2028
Bahamas (BSD bn) 3.946 2028 yearly 1990 - 2028
Bahrain (BHD bn) 5.301 2028 yearly 1990 - 2028
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 4.855 2029 yearly 1995 - 2029
Belarus (BYN bn) 101.428 2028 yearly 2001 - 2028
Belgium (EUR bn) 386.316 2028 yearly 1980 - 2028
Belize (BZD bn) 1.799 2028 yearly 1996 - 2028
Benin (XOF bn) 3,524.550 2028 yearly 1989 - 2028
Bhutan (BTN bn) 116.449 2028 yearly 1981 - 2028
Bolivia (BOB bn) 130.717 2028 yearly 1984 - 2028
Bosnia and Herzegovina (BAM bn) 26.003 2028 yearly 1998 - 2028
Botswana (BWP bn) 115.893 2029 yearly 1981 - 2029
Brazil (BRL bn) 6,554.330 2028 yearly 2001 - 2028
Brunei (BND bn) 6.082 2028 yearly 1980 - 2028
Bulgaria (BGN bn) 89.780 2028 yearly 1998 - 2028
Burkina Faso (XOF bn) 4,719.590 2028 yearly 1985 - 2028
Burundi (BIF bn) 6,350.970 2028 yearly 1990 - 2028
Cambodia (KHR bn) 53,931.190 2028 yearly 1996 - 2028
Cameroon (XAF bn) 6,596.640 2028 yearly 2000 - 2028
Canada (CAD bn) 1,420.940 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 95.916 2028 yearly 1994 - 2028
Central African Republic (XAF bn) 401.735 2028 yearly 1988 - 2028
Chad (XAF bn) 1,610.710 2028 yearly 1995 - 2028
Chile (CLP bn) 94,645.820 2028 yearly 1990 - 2028
China (RMB bn) 58,979.220 2028 yearly 1982 - 2028
Colombia (COP bn) 710,187.230 2028 yearly 1982 - 2028
Comoros (KMF bn) 148.616 2028 yearly 1984 - 2028
Congo (XAF bn) 2,298.280 2028 yearly 1989 - 2028
Costa Rica (CRC bn) 11,254.490 2028 yearly 1990 - 2028
Croatia (EUR bn) 43.076 2028 yearly 1992 - 2028
Cyprus (EUR bn) 14.710 2028 yearly 1995 - 2028
Czech Republic (CZK bn) 4,115.800 2028 yearly 1995 - 2028
Democratic Republic of Congo (CDF bn) 54,625.080 2028 yearly 1996 - 2028
Denmark (DKK bn) 1,679.330 2028 yearly 1980 - 2028
Djibouti (DJF bn) 226.720 2028 yearly 1990 - 2028
Dominica (XCD bn) 1.070 2028 yearly 1990 - 2028
Dominican Republic (DOP bn) 1,795.320 2028 yearly 1997 - 2028
Ecuador (USD bn) 49.173 2028 yearly 1995 - 2028
Egypt (EGP bn) 7,851.790 2028 yearly 1999 - 2028
El Salvador (SVC bn) 12.864 2028 yearly 1990 - 2028
Equatorial Guinea (XAF bn) 1,407.840 2028 yearly 1980 - 2028
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 21.623 2028 yearly 1995 - 2028
Swaziland (SZL bn) 37.386 2029 yearly 1981 - 2029
Ethiopia (ETB bn) 2,997.770 2028 yearly 1980 - 2028
Fiji (FJD bn) 5.348 2028 yearly 1992 - 2028
Finland (EUR bn) 177.874 2028 yearly 1980 - 2028
France (EUR bn) 1,830.670 2028 yearly 1980 - 2028
Gabon (XAF bn) 3,095.810 2028 yearly 1990 - 2028
Gambia (GMD bn) 48.615 2028 yearly 2000 - 2028
Georgia (GEL bn) 33.921 2028 yearly 1995 - 2028
Germany (EUR bn) 2,361.670 2028 yearly 1991 - 2028
Ghana (GHS bn) 372.947 2028 yearly 1980 - 2028
Greece (EUR bn) 118.753 2028 yearly 1980 - 2028
Grenada (XCD bn) 1.293 2028 yearly 1990 - 2028
Guatemala (GTQ bn) 160.532 2028 yearly 1995 - 2028
Guinea (GNF bn) 65,837.330 2028 yearly 1990 - 2028
Guinea-Bissau (GWP bn) 349.819 2028 yearly 1991 - 2028
Guyana (GYD bn) 905.157 2028 yearly 1997 - 2028
Haiti (HTG bn) 671.181 2028 yearly 1997 - 2028
Honduras (HNL bn) 331.467 2028 yearly 1990 - 2028
Hong Kong SAR, China (HKD bn) 899.376 2029 yearly 1982 - 2029
Hungary (HUF bn) 45,892.500 2028 yearly 1995 - 2028
Iceland (ISK bn) 2,331.340 2028 yearly 1980 - 2028
India (INR bn) 134,808.530 2029 yearly 1989 - 2029
Indonesia (IDR bn) 5,143,598.410 2028 yearly 1993 - 2028
Iran (IRR bn) 88,375,352.640 2029 yearly 1991 - 2029
Iraq (IQD bn) 179,493.930 2028 yearly 2004 - 2028
Ireland (EUR bn) 149.589 2028 yearly 1980 - 2028
Israel (ILS bn) 976.730 2028 yearly 2000 - 2028
Italy (EUR bn) 1,156.730 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 14,790.110 2028 yearly 1997 - 2028
Jamaica (JMD bn) 1,158.660 2029 yearly 1991 - 2029
Japan (JPY bn) 268,418.980 2028 yearly 1980 - 2028
Jordan (JOD bn) 13.878 2028 yearly 1985 - 2028
Kazakhstan (KZT bn) 41,918.930 2028 yearly 2002 - 2028
Kenya (KES bn) 5,655.330 2028 yearly 1982 - 2028
Kiribati (AUD bn) 0.502 2028 yearly 1990 - 2028
South Korea (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Kosovo (EUR bn) 3.968 2028 yearly 2000 - 2028
Kuwait (KWD bn) 28.396 2028 yearly 1985 - 2028
Kyrgyzstan (KGS bn) 632.600 2028 yearly 1995 - 2028
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 21.865 2028 yearly 1998 - 2028
Lebanon (LBP bn) 61,857.670 2022 yearly 1990 - 2022
Lesotho (LSL bn) 31.496 2029 yearly 1983 - 2029
Liberia (LRD bn) 1.645 2028 yearly 2000 - 2028
Libya (LYD bn) 131.563 2028 yearly 1990 - 2028

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North Macedonia Key Series

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Includes 235 key indicators for North Macedonia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
Consolidated Fiscal Balance (USD mn) -604.501 2022 yearly 2009 - 2022
Tax Revenue (USD mn) 221.303 Jan 2024 monthly Jan 2004 - Jan 2024
Tax Revenue: % of GDP (%) 17.9 Jun 2023 quarterly Mar 2004 - Jun 2023
National Government Debt (USD mn) 8,026.8 Dec 2023 quarterly Dec 2009 - Dec 2023
Government Debt: % of GDP (%) 51.6 Sep 2023 quarterly Dec 2009 - Sep 2023
Forecast: Government Expenditure (MKD bn) 419.692 2028 yearly 1997 - 2028
Forecast: Government Net Debt (MKD bn) 613.520 2028 yearly 1999 - 2028
Forecast: Government Revenue (MKD bn) 387.138 2028 yearly 1997 - 2028
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,313.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget Balance (MKD mn) -2,802.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure: Capital (MKD mn) 1,067.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Revenue (MKD mn) 21,467.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure: Current (MKD mn) 23,202.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure (MKD mn) 24,269.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,038.000 Jan 2024 monthly Jan 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -328.5 Dec 2023 monthly Dec 1993 - Dec 2023
Total Exports (USD mn) 775.2 Nov 2023 monthly Jan 2002 - Nov 2023
Total Exports Growth (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Aluminum: Exports (USD th) 4,145.201 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 116,895.471 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,535.774 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,046.5 Dec 2023 monthly Jan 2002 - Dec 2023
Total Imports Growth (%) -2.4 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Medicament (USD th) 180,102.231 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 56,059.479 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 7.732 Jan 2024 monthly Jan 1999 - Jan 2024
Total Imports from USA (USD mn) 11.713 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports to China (USD mn) 3.165 Jan 2024 monthly Jan 1999 - Jan 2024
Total Imports from China (USD mn) 62.152 Jan 2024 monthly Aug 1996 - Jan 2024
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 343,291.583 Nov 2023 monthly Jan 2003 - Nov 2023
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 1,055,675.218 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: ytd: SITC: Food Products (USD th) 334,240.323 Aug 2023 monthly Jan 2003 - Aug 2023
Exports: ytd: SITC: Manufactured Goods (USD th) 695,488.589 Aug 2023 monthly Jan 2003 - Aug 2023
Exports: ytd: SITC: Beverages and Tobacco (USD th) 225,493.609 Nov 2023 monthly Jan 2003 - Nov 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -300.2 Dec 2023 monthly Jan 2001 - Dec 2023
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Direct Investment (USD mn) -187.1 Dec 2023 monthly Jan 2001 - Dec 2023
Foreign Direct Investment: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) 25.072 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Jun 2023 quarterly Mar 2000 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -0.8 Jun 2023 quarterly Mar 1996 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -8.511 Jun 2023 quarterly Mar 1998 - Jun 2023
External Debt (USD mn) 11,729.8 Sep 2023 quarterly Dec 2005 - Sep 2023
External Debt: % of GDP (%) 83.7 2022 yearly 2004 - 2022
External Debt: Short Term (USD mn) 3,213.6 Sep 2023 quarterly Dec 2005 - Sep 2023
External Debt: Short Term: % of GDP (%) 23.6 2022 yearly 2004 - 2022
Total Debt: % of GDP (%) 347.1 2022 yearly 2013 - 2022
Forecast: Current Account Balance (USD bn) -0.627 2028 yearly 1992 - 2028
Net International Investment Position (USD mn) -8,812.231 Sep 2023 quarterly Dec 2006 - Sep 2023
BoP: CA: SI: Debit (USD mn) 13.992 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Primary Income (PI) (USD mn) -68.684 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services (USD mn) 9.907 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -130.976 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Credit (USD mn) 1,171.981 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 14.175 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: SI: Credit (USD mn) 264.135 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Net Errors & Omissions (USD mn) 22.099 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 37.147 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Debit (USD mn) 93.163 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -300.194 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Debit (USD mn) 1,299.652 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account (USD mn) -0.584 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Credit (USD mn) 0.048 Dec 2023 monthly Jan 2001 - Dec 2023
Balance of Payments (BoP): Current Account (CA) (USD mn) -127.671 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 22.972 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Credit (USD mn) 261.662 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Financial Account (FA) (USD mn) -106.155 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) -634.156 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Credit (USD mn) 24.479 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Debit (USD mn) 0.631 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods (USD mn) -319.037 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Debit (USD mn) 251.755 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -113.085 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Reserve Assets (USD mn) 618.114 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) -187.109 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Debit (USD mn) 940.743 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 503.179 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Credit (USD mn) 621.706 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Secondary Income (SI) (USD mn) 250.143 Dec 2023 monthly Jan 2001 - Dec 2023
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,497.510 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.179 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: MI: Private (EUR mn) 5,833.965 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,238.126 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (FDI): Flow (USD mn) 122.753 Dec 2023 monthly Jan 2007 - Dec 2023
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 8.830 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 21.134 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Manufacturing (EUR mn) 277.122 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Construction (EUR mn) -18.940 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Services (EUR mn) 46.583 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: United States of America (EUR mn) 5.529 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Austria (EUR mn) 47.266 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Belgium (EUR mn) -3.933 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Turkey (EUR mn) 36.655 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: United Kingdom (EUR mn) 228.422 Dec 2023 quarterly Mar 2008 - Dec 2023
No of Enterprises (Unit) 65,780.000 2021 yearly 2004 - 2021
No of Enterprises: New (Unit) 5,960.000 2021 yearly 2004 - 2021
No of Enterprises: Out of Business (Unit) 5,382.000 2020 yearly 2004 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.7 Sep 2023 quarterly Dec 2005 - Sep 2023
Household Debt: % of GDP (%) 26.5 Jun 2023 quarterly Mar 2003 - Jun 2023
Non-Performing Loans (USD mn) 209.282 Sep 2023 quarterly Dec 2005 - Sep 2023
Money Supply M1 (USD mn) 4,457.906 Jan 2024 monthly Jan 2003 - Jan 2024
Money Supply M2 (USD mn) 8,271.355 Jan 2024 monthly Jan 2003 - Jan 2024
M2 Growth (%) 7.1 Jan 2024 monthly Jan 2004 - Jan 2024
Reserve Requirement Ratio (%) 5.0 Feb 2024 monthly Jan 2004 - Feb 2024
Foreign Exchange Reserves (USD mn) 4,249.6 Jan 2024 monthly Dec 1993 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 30.203 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 4.9 Jan 2024 monthly Jan 2002 - Jan 2024
Gold Reserves (USD mn) 451.633 Jan 2024 monthly Dec 1992 - Jan 2024
Total Deposits (USD mn) 9,344.597 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 10.0 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 8,872.1 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 5.3 Jan 2024 monthly Jan 2004 - Jan 2024
Household Debt (USD mn) 4,022.9 Jan 2024 monthly Jan 2003 - Jan 2024
Total Loans (USD mn) 7,764.450 Jan 2024 monthly Jan 2003 - Jan 2024
Total Loans Growth (%) 5.71 Jan 2024 monthly Jan 2004 - Jan 2024
Private Debt: % of Nominal GDP (%) 51.20 Jun 2023 quarterly Mar 2009 - Jun 2023
Official Reserve Assets (EUR mn) 4,337.341 Jan 2024 monthly Jan 2005 - Jan 2024
Official Reserve Assets: Foreign Currency (EUR mn) 3,914.915 Jan 2024 monthly Jan 2005 - Jan 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

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