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Yugoslavia: Government Revenue and Spending
Country Study > Chapter 3 > The Economy > The Economic Management Mechanism > Government Revenue and Spending

GOVERNMENT REVENUE AND SPENDING


Most federal revenue was collected in the form of turnover taxes and assessments by local and federal self-management communities of interest, which had financial management responsibility for social services such as education, health, and pensions. Because a large portion of the national budget was committed to social services, levies by the communities of interest were an important part of the tax structure. The republics and provinces and the communes also levied taxes; their main revenue sources were the same as those of the federal government, but they also taxed income and personal property. The last two categories provided little income, because the minimum income level on which income tax was collected was very high. Personal property taxes were collected mostly on private homes Peasants and private businesses were taxed on assessed incomes, often at very high rates that discouraged individual economic initiative. Constitutional reform aimed at restructuring the tax system to eliminate such restrictions.

In 1987 the government purchased 41 percent of Yugoslavia's social product. Other major federal expenditure categories were education and aid to underdeveloped regions.

The 1974 Constitution virtually eliminated direct federal expenditures on investment. Partly for this reason, in 1990 the federal government accounted for only one-quarter of total government spending in Yugoslavia. The remainder was disbursed by authorities at the republic or commune level.

Data as of December 1990




Last Updated: December 1990


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Yugoslavia was first published in 1990. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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