Government Spending in Montenegro decreased to 177686 EUR Thousand in the first quarter of 2021 from 278740 EUR Thousand in the fourth quarter of 2020. source: Statistical Office of Montenegro

Government Spending in Montenegro averaged 186812.49 EUR Thousand from 2011 until 2021, reaching an all time high of 283523 EUR Thousand in the fourth quarter of 2019 and a record low of 132118 EUR Thousand in the first quarter of 2011. This page provides - Montenegro Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Government Spending - values, historical data and charts - was last updated on August of 2021.

Government Spending in Montenegro is expected to be 247373.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Montenegro to stand at 187992.00 in 12 months time. In the long-term, the Montenegro Government Spending is projected to trend around 303754.00 EUR Thousand in 2022 and 312867.00 EUR Thousand in 2023, according to our econometric models.

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Montenegro Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
177686.00 278740.00 283523.00 132118.00 2011 - 2021 EUR Thousand Quarterly
Constant Prices, NSA

Montenegro Government Last Previous Highest Lowest Unit
Government Debt to GDP 74.91 62.27 88.30 26.80 percent of GDP [+]
Government Budget -2.00 -4.60 6.60 -7.30 percent of GDP [+]
Government Budget Value -217443988.18 -70514119.46 187654471.92 -302735891.71 EUR [+]
Government Spending 177686.00 278740.00 283523.00 132118.00 EUR Thousand [+]
Government Revenues 837077934.85 423413994.27 2150870317.26 165905908.20 EUR [+]
Government Debt 4097.44 4330.83 4330.83 700.40 EUR Million [+]
Fiscal Expenditure 1054521923.03 493928113.73 2248459025.50 174130466.74 EUR [+]
Credit Rating 35.00 [+]
Military Expenditure 100.30 77.70 100.30 58.00 USD Million [+]

Montenegro 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.