Fiscal Balance in North Macedonia

North Macedonia Fiscal Balance | Economic News & Forecasts

North Macedonia - Fiscal Balance

The economy gained traction in the first quarter. The acceleration was chiefly underpinned by robust investment, likely spurred by stronger credit growth and an improved business climate amid greater political stability. Conversely, household spending ebbed and public consumption nearly flatlined, while the external sector dragged slightly on growth. On the political front, in late June the European Council delayed opening accession talks with North Macedonia until October. The decision signaled that a green light in October is not guaranteed at a time when key EU members are resistant to EU enlargement. In brighter news, Fitch Ratings upgraded the country’s sovereign credit rating on 14 June from BB to BB+, citing sustained reforms and macroeconomic stability.

North Macedonia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-     -     -     -     -     

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

North Macedonia Facts

Exchange Rate54.66-0.56 %Jul 11
Stock Market0.10.0 %Jul 10

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