The financial management of municipalities is governed by the municipal budget. The current budget is drawn up as a balance of current incomes and current expenditures relating to the financial year. The current budget is used by municipalities to ensure the normal (daily) operation of the municipality. The aim of the paper is to evaluate the total current expenditures of municipalities as well as their individual components in the conditions of Slovak and Czech municipalities on the basis of selected indicators in the period 2007-2018. The data sources for the individual indicators were obtained from the Ministry of Finance of Slovak Republic and from the Czech Statistical Office. The analysis showed, that in both countries, current expenditures of municipalities accounted for almost the same share in total expenditures (75% in the Slovak Republic, 71% in the Czech Republic). The biggest differences were found in expenditures related to wages and transfers. While wages expenditures accounted for a much bigger share of current expenditures in Slovak municipalities than in Czech municipalities (49.6% in the Slovak Republic, 19.9% in the Czech Republic), transfers accounted for 37.2% of current expenditures in Czech municipalities and in Slovak municipalities transfers accounted for 13.9% of current expenditures.