Serbia recorded a Government Budget deficit equal to 8.40 percent of the country's Gross Domestic Product in 2020. source: National Bank of Serbia

Government Budget in Serbia averaged -2.28 percent of GDP from 2002 until 2020, reaching an all time high of 1.10 percent of GDP in 2005 and a record low of -8.40 percent of GDP in 2020. This page provides - Serbia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Serbia is expected to reach -4.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Government Budget is projected to trend around -1.20 percent of GDP in 2022 and -0.70 percent of GDP in 2023, according to our econometric models.

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Serbia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.40 0.20 1.10 -8.40 2002 - 2020 percent of GDP Yearly

Serbia Government Last Previous Highest Lowest Unit
Government Debt to GDP 57.40 52.00 201.20 26.80 percent of GDP [+]
Government Budget -8.40 0.20 1.10 -8.40 percent of GDP [+]
Government Debt 3191561.77 3135701.55 3191561.77 1505550.20 RSD Million [+]
Military Expenditure 1086.00 1144.00 1478.00 795.00 USD Million [+]
Government Spending 267702.40 255537.90 278897.60 2320.70 RSD Million [+]
Government Spending To Gdp 49.40 42.30 49.40 39.80 percent of GDP [+]
Credit Rating 46.00 [+]


Serbia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.