Government Spending in Serbia decreased to 244069.80 RSD Million in the third quarter of 2020 from 257260.60 RSD Million in the second quarter of 2020. source: Statistical Office of the Republic of Serbia

Government Spending in Serbia averaged 121613.82 RSD Million from 1996 until 2020, reaching an all time high of 257260.60 RSD Million in the second quarter of 2020 and a record low of 4054.10 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 December of 2020.

Government Spending in Serbia is expected to be 248647.62 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 277967.00 in 12 months time. In the long-term, the Serbia Government Spending is projected to trend around 257847.59 RSD Million in 2021 and 263930.00 RSD Million in 2022, according to our econometric models.

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Serbia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
244069.80 257260.60 257260.60 4054.10 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 3128188.97 3128956.81 3154210.69 1505550.20 RSD Million [+]
Military Expenditure 813.00 802.00 1369.00 747.00 USD Million [+]
Government Spending 244069.80 257260.60 257260.60 4054.10 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.