Serbia recorded a Government Budget surplus equal to 0.60 percent of the country's Gross Domestic Product in 2018. Government Budget in Serbia averaged -2.46 percent of GDP from 2002 until 2018, reaching an all time high of 1.10 percent of GDP in 2005 and a record low of -6.40 percent of GDP in 2012.

Government Budget in Serbia is expected to be -0.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Government Budget is projected to trend around -0.30 percent of GDP in 2020, according to our econometric models.

Serbia Government Budget
Forecast Data Chart
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Serbia Government Last Previous Highest Lowest Unit
Government Debt to GDP 54.50 58.70 201.20 28.30 percent [+]
Government Budget 0.60 1.10 1.10 -6.40 percent of GDP [+]
Government Debt 2807003.11 2808126.90 3089477.59 1505550.20 RSD Million [+]
Credit Rating 36.25 [+]
Military Expenditure 813.00 802.00 1369.00 747.00 USD Million [+]
Government Spending 228497.30 207889.50 231891.50 3754.20 RSD Million [+]
Government Spending To Gdp 41.00 40.40 45.20 39.80 percent [+]

Serbia 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. This page provides - Serbia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Government Budget - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.10 1.10 -6.40 2002 - 2018 percent of GDP Yearly

Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18