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Macedonia

Fiscal Balance

-5.36
percent of GDP
Source: IMF

Global Ranking

104
United Arab Emirates-5.19
105
Slovenia-5.2
105
Bangladesh-5.2
107
Yemen-5.23
108
Malawi-5.3
109
Macedonia-5.36
110
Swaziland-5.38
111
Madagascar-5.4
112
Israel-5.5
112
Rwanda-5.5
112
Belgium-5.5
112
Lesotho-5.5

Europe Ranking

26
Serbia-4.1
27
Albania-4.82
28
Moldova-5.1
29
Armenia-5.11
30
Slovenia-5.2
31
Macedonia-5.36
32
Belgium-5.5
33
Czech Republic-5.87
34
Austria-5.9
35
Georgia-6
36
Slovakia-6.2

Definition of Fiscal Balance

The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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