The structure of government revenues and government expenditures have to be adequately set up so their shares in gross domestic product will contribute to improving the macroeconomic framework of a certain country. This implies that government revenues have to be defined in a way to cover government expenditures to the extent that it is enough for optimal functioning of the economy. Simultaneous revenue and expenditure management implies taking action fro mthe aspect of taxes, borrowing and other forms of fundraising as well as controlling the public spending component. The paper analyzes the share of government revenues and government expenditures in gross domestic product of BiH for the period 1998-2017. godine. Afther showing descriptive values, the correlation between government revenues and government expenditures was measured, as well as their correlation with gross domestic product. The results have showed there is a strong and positive correlation between government revenues and government expenditures in order to correlation intensity is higher between government revenues and gross domestic product.