Serbia recorded a Government Budget surplus equal to 0.20 percent of the country's Gross Domestic Product in 2019.

Government Budget in Serbia averaged -1.94 percent of GDP from 2002 until 2019, reaching an all time high of 1.10 percent of GDP in 2005 and a record low of -5.90 percent of GDP in 2014. This page provides - Serbia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Serbia is expected to reach -4.30 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Government Budget is projected to trend around -3.40 percent of GDP in 2021 and -2.50 percent of GDP in 2022, according to our econometric models.

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Serbia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.60 1.10 -5.90 2002 - 2019 percent of GDP Yearly

Serbia Government Last Previous Highest Lowest Unit
Government Debt to GDP 52.00 53.70 201.20 26.80 percent [+]
Government Budget 0.20 0.60 1.10 -5.90 percent of GDP [+]
Government Debt 2887536.43 2856342.98 3089477.59 1505550.20 RSD Million [+]
Military Expenditure 813.00 802.00 1369.00 747.00 USD Million [+]
Government Spending 244154.00 257802.10 257802.10 3754.20 RSD Million [+]
Government Spending To Gdp 42.30 40.90 45.20 39.80 percent [+]
Credit Rating 46.00 [+]


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.