Kingdom of Yugoslavia - State and Military Budget

Kingdom of Yugoslavia

State and Military Budget 1919 - 1940

Budget year State budget in dinars Military budget in dinars

1919/20 2,353.337.214 575.876.917 4 : 1

1920/21 3,996.356.564 1,120.804.560 4 : 1

1921/22 6,136.785.115 1,489.356.657 4 : 1

1922/23 6,934.597.864 1,127.803.394 6 : 1

1923/24 10,334.000.000 2,039.001.416 5 : 1

1924/25 10,405.000.000 1,956.000.000 5 : 1

1925/26 11,777.190.023 2,112.861.021 5,5 : 1

1926/27 12,504.000.000 2,413.000.000 5 : 1

1927/28 11,477.570.000 2,348.991.025 5 : 1

1928/29 11,580.119.028 2,428.571.226 6 : 1

1929/30 12,464.474.012 2,549.696.611 5 : 1

1930/31 13,348.013.170 2,522.888.333 6 : 1

1931/32 13,210.303.954 2,595.906.592 5 : 1

1932/33 11,323.200.000 2,132.293.803 5 : 1

1933/34 10,438.326.579 2,000.300.000 5 : 1

1934/35 10,171.250.798 1,943.275.390 5 : 1

1935/36 10,249.802.346 1,858.896.717 5,5 : 1

1936/37 10,323.513.198 2,308.397.737 4,5 : 1

1937/38 10,910.000.000 2,459.165.957 4,5 : 1

1938/39 12,180.000.000 2,772.165.957 4,5 : 1

1939/40 12,947.000.000 2,928.165.957 4,5 : 1

Slom Kraljevine Jugoslavije, II, Velimir Terezic, page 145

Budget increase in 1923/24 is result of dinar drop from 10 din for 1 USD to 100 dinars for 1 USD after replacement of Austrian kruna and Montenegrin perper with dinar.

In 1938 average income was around 3100 dinars - around 70 USD.

First credit of 300 millions French franks (around 1 billion dinars) for purchase of military equipment was secured in France in 1927.

Price of imported armament in November 1938

Light tank (12-15 tons) 2,500.000 dinars

Heavy tank (20-25 tons) 5,000.000 dinars

Heavy truck 90.000 dinars

150mm M.36 howitzer 3,500.000 dinars

fighter aircraft (unarmed) 1,750.000 dinars

bomber aircraft (unarmed) 4,500.000 dinars

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Budget year	State budget in dinars	Military budget in dinars
1919/20	2,353.337.214	575.876.917	4 : 1
1920/21	3,996.356.564	1,120.804.560	4 : 1
1921/22	6,136.785.115	1,489.356.657	4 : 1
1922/23	6,934.597.864	1,127.803.394	6 : 1
1923/24	10,334.000.000	2,039.001.416	5 : 1
1924/25	10,405.000.000	1,956.000.000	5 : 1
1925/26	11,777.190.023	2,112.861.021	5,5 : 1
1926/27	12,504.000.000	2,413.000.000	5 : 1
1927/28	11,477.570.000	2,348.991.025	5 : 1
1928/29	11,580.119.028	2,428.571.226	6 : 1
1929/30	12,464.474.012	2,549.696.611	5 : 1
1930/31	13,348.013.170	2,522.888.333	6 : 1
1931/32	13,210.303.954	2,595.906.592	5 : 1
1932/33	11,323.200.000	2,132.293.803	5 : 1
1933/34	10,438.326.579	2,000.300.000	5 : 1
1934/35	10,171.250.798	1,943.275.390	5 : 1
1935/36	10,249.802.346	1,858.896.717	5,5 : 1
1936/37	10,323.513.198	2,308.397.737	4,5 : 1
1937/38	10,910.000.000	2,459.165.957	4,5 : 1
1938/39	12,180.000.000	2,772.165.957	4,5 : 1
1939/40	12,947.000.000	2,928.165.957	4,5 : 1

Price of imported armament in November 1938
Light tank (12-15 tons)	2,500.000 dinars
Heavy tank (20-25 tons)	5,000.000 dinars
Heavy truck	90.000 dinars
150mm M.36 howitzer	3,500.000 dinars
fighter aircraft (unarmed)	1,750.000 dinars
bomber aircraft (unarmed)	4,500.000 dinars