Montenegro recorded a government budget surplus of 2963957.61 EUR in the third quarter of 2019.

Government Budget Value in Montenegro averaged -53424327.18 EUR from 2003 until 2019, reaching an all time high of 187654471.92 EUR in the third quarter of 2007 and a record low of -302735891.71 EUR in the fourth quarter of 2015. This page provides - Montenegro Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Government Budget Value - values, historical data and charts - was last updated on August of 2020.

Government Budget Value in Montenegro is expected to be -124248617.80 EUR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Montenegro to stand at -124249431.07 in 12 months time. In the long-term, the Montenegro Government Budget Value is projected to trend around -124249431.35 EUR in 2021, according to our econometric models.

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Montenegro Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
2963957.61 -38730633.20 187654471.92 -302735891.71 2003 - 2019 EUR Quarterly
Current Prices, NSA

Montenegro Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.27 62.50 88.30 26.80 percent [+]
Government Budget -2.00 -2.00 6.60 -7.20 percent of GDP [+]
Government Budget Value 2963957.61 -38730633.20 187654471.92 -302735891.71 EUR [+]
Government Spending 172533.00 285085.00 285085.00 132118.00 EUR Thousand [+]
Government Revenues 1523704078.07 931347265.82 1785041971.06 165905908.20 EUR [+]
Government Debt 3133.68 3179.38 3179.38 700.40 EUR Million [+]
Fiscal Expenditure 1520740120.46 970077899.02 2143082214.78 174130466.74 EUR [+]
Credit Rating 35.00 [+]
Military Expenditure 77.50 65.70 77.50 56.40 USD Million [+]

Montenegro Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.