Government budget balance reached -18.4 in 2012 in Macedonia, according to the National Statistical Office. This is 49.7 % more than in the previous year.
Historically, government budget balance in Macedonia reached an all time high of 7.16 in 2005 and an all time low of -18.4 in 2012. When compared to Macedonia's main peers, government budget balance in Bulgaria amounted to 0.046 and 3.36 in Greece in 2012.
Macedonia has been ranked 57th within the group of 114 countries we follow in terms of government budget balance.
A government budget deficit is the amount by which government revenues fall short of government spending (the opposite being a budget surplus).