Government Spending in Serbia decreased to 244154 RSD Million in the first quarter of 2020 from 257802.10 RSD Million in the fourth quarter of 2019.

Government Spending in Serbia averaged 117360.80 RSD Million from 1996 until 2020, reaching an all time high of 257802.10 RSD Million in the fourth quarter of 2019 and a record low of 3754.20 RSD Million in the first quarter of 1996. This page provides - Serbia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Government Spending - values, historical data and charts - was last updated on August of 2020.

Government Spending in Serbia is expected to be 226436.00 RSD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Serbia to stand at 255141.00 in 12 months time. In the long-term, the Serbia Government Spending is projected to trend around 256982.00 RSD Million in 2021 and 263921.00 RSD Million in 2022, according to our econometric models.

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Serbia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
244154.00 257802.10 257802.10 3754.20 1996 - 2020 RSD Million Quarterly
Constant 2010 Prices, NSA

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 3154210.69 3150240.50 3154210.69 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 Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.