Government Spending in Montenegro decreased to 172533 EUR Thousand in the first quarter of 2020 from 285085 EUR Thousand in the fourth quarter of 2019.

Government Spending in Montenegro averaged 183405.78 EUR Thousand from 2011 until 2020, reaching an all time high of 285085 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 July of 2020.

Government Spending in Montenegro is expected to be 191805.00 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 204387.00 in 12 months time. In the long-term, the Montenegro Government Spending is projected to trend around 197564.00 EUR Thousand in 2021 and 202503.00 EUR Thousand in 2022, according to our econometric models.

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Montenegro Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
172533.00 285085.00 285085.00 132118.00 2011 - 2020 EUR Thousand Quarterly
Constant 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 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.