North Macedonia - Interest payments (current LCU)

The value for Interest payments (current LCU) in North Macedonia was 8,101,713,000 as of 2019. As the graph below shows, over the past 14 years this indicator reached a maximum value of 8,387,999,000 in 2017 and a minimum value of 2,445,000,000 in 2009.

Definition: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
2005 2,619,750,000
2006 3,140,066,000
2007 2,918,447,000
2008 2,646,000,000
2009 2,445,000,000
2010 3,174,000,000
2011 3,471,000,000
2012 4,216,000,000
2013 4,605,616,000
2014 5,090,421,000
2015 6,457,093,000
2016 6,871,341,000
2017 8,387,999,000
2018 7,692,706,000
2019 8,101,713,000

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance