North Macedonia Government net lending/borrowing in North Macedonia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -4.2% 2027: -3.9% 2028: -3.6% 2029: -3.3% 2030: -3.0% 2031: -3.0%
0.0 (1999) ANUAL · % of GDP · Annual · CSV
Period% of GDP
Jan 1999 0.0
Jan 1998 -1.6
Jan 1997 -0.4

About this indicator

Source
International Monetary Fund
Frequency
Annual
Release
Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.
What it is
North Macedonia's government budget balance is the shortfall recorded when public spending exceeds revenue over the fiscal year; when revenue exceeds spending there is a surplus. Published by the Ministry of Finance, it is usually expressed as a percentage of GDP.
How it's calculated
It is the difference between general government revenue and spending over the period, scaled against GDP to obtain the ratio. As an EU candidate country, it is moving towards the European national-accounts standards.
Market implications
The deficit drives the country's borrowing needs and the path of public debt. It is a key gauge for fiscal discipline, the EU accession process, IMF support and the rating agencies.
Limitations
It is a low-frequency figure subject to revision. It is worth distinguishing the headline balance from the primary balance, which excludes debt interest, and from the cyclical component tied to the state of the economy.