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Macroeconomic effects of the budget deficit in the Republic of Macedonia

economic data . Available at http://nbrm.mk/osnovni_ekonomski_pokazateli-en.nspx [10 May 2018]. 18. Tas, R. (1992). Theoretical and Empirical Aspects of Budget Deficits. Ankara University Faculty of Political Sciences Journal , Vol. 47, No. 3, pp. 327-341. 19. Tešić, A., Ilić, D., Đelić, A. T. (2014). Consequences of Fiscal Deficit and Public Debt in Financing the Public Sector. Economics of Agriculture , Vol. 61, No. 1, pp. 177-194. 20. Trenovski, B., Tashevska, B. (2016). Fiscal Sustainability in Macedonia on its path towards EU. MPRA Paper, No

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