Government Spending in Serbia increased to 231803.80 RSD Million in the third quarter of 2019 from 228497.30 RSD Million in the second quarter of 2019. Serbia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Serbia averaged 114617.82 RSD Million from 1996 until 2019, reaching an all time high of 231891.50 RSD Million in the fourth quarter of 2018 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.

Government Spending in Serbia is expected to be 211632.00 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 240844.00 in 12 months time. In the long-term, the Serbia Government Spending is projected to trend around 250237.00 RSD Million in 2021 and 259496.00 RSD Million in 2022, according to our econometric models.

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Serbia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
231803.80 228497.30 231891.50 3754.20 1996 - 2019 RSD Million Quarterly
Constant 2010 Prices, NSA

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.