Montenegro recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2018.

Government Budget in Montenegro averaged -2.54 percent of GDP from 2006 until 2018, reaching an all time high of 6.60 percent of GDP in 2007 and a record low of -7.20 percent of GDP in 2016. This page provides - Montenegro Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Montenegro is expected to reach -4.90 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Government Budget is projected to trend around -5.60 percent of GDP in 2021 and -3.20 percent of GDP in 2022, according to our econometric models.

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Montenegro Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -2.00 6.60 -7.20 2006 - 2018 percent of GDP Yearly

Montenegro Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.27 62.50 88.30 26.80 percent [+]
Government Budget -2.00 -2.00 6.60 -7.20 percent of GDP [+]
Government Budget Value -217443988.18 -70514119.46 187654471.92 -302735891.71 EUR [+]
Government Spending 217589.00 172533.00 285085.00 132118.00 EUR Thousand [+]
Government Revenues 837077934.85 423413994.27 2150870317.26 165905908.20 EUR [+]
Government Debt 3133.68 3179.38 3179.38 700.40 EUR Million [+]
Fiscal Expenditure 1054521923.03 493928113.73 2248459025.50 174130466.74 EUR [+]
Credit Rating 35.00 [+]
Military Expenditure 77.50 65.70 77.50 56.40 USD Million [+]

Montenegro Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.