Montenegro recorded a government budget deficit of 25335453.29 EUR in the third quarter of 2018. Government Budget Value in Montenegro averaged -49665881.28 EUR from 2003 until 2018, reaching an all time high of 187654471.92 EUR in the third quarter of 2007 and a record low of -303886124.31 EUR in the fourth quarter of 2015.

Government Budget Value in Montenegro is expected to be -123392180.00 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 -124255227.00 in 12 months time. In the long-term, the Montenegro Government Budget Value is projected to trend around -124249431.00 EUR in 2020, according to our econometric models.

Montenegro Government Budget Value
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Montenegro Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.50 63.70 88.30 26.80 percent [+]
Government Budget -2.00 -7.20 6.60 -7.20 percent of GDP [+]
Government Budget Value -25335453.29 -85190520.34 187654471.92 -303886124.31 EUR [+]
Government Spending 194981.00 163619.00 249154.00 132118.00 EUR Thousand [+]
Government Revenues 1273059280.88 763781831.84 1785041971.06 165905908.20 EUR [+]
Government Debt 3105.01 2665.27 3105.01 700.40 EUR Million [+]
Fiscal Expenditure 1298394734.17 848972352.18 2012876110.86 174130466.74 EUR [+]
Military Expenditure 71.70 61.70 74.00 54.30 USD Million [+]
Credit Rating 40.00 [+]

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. This page provides - Montenegro Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Government Budget Value - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-25335453.29 -85190520.34 187654471.92 -303886124.31 2003 - 2018 EUR Quarterly
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