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.

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 -124248617.80 in 12 months time. In the long-term, the Montenegro Government Budget Value is projected to trend around -124249431.35 EUR in 2020, 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
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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.