| Competition: | Prva savezna liga |
| Season: | 1946–47 |
| Winners: | Partizan (1st title) |
| Relegated: | Kvarner Budućnost Željezničar 14. Oktobar Nafta |
| League Topscorer: | Franjo Wölfl (28)[1] |
| Prevseason: | 1939–40 |
| Nextseason: | 1947–48 |
The 1946–47 Yugoslav First League season was the first season of the First Federal League (Prva savezna liga), the top level association football competition of SFR Yugoslavia, which ended the six-year period in which national football competitions were suspended due to World War II. It was also the first season in which the Football Association of Yugoslavia (FSJ) introduced the modern league system which included promotion and relegation between tiers of the football pyramid, as pre-war national championships held between 1927 and 1940 during Kingdom of Yugoslavia employed either a play-off tournament or a mini league format contested by regional champions.
In 1946 both the First and Second Leagues began to use a season long derby to determine the league champion, and an elimination cup to feature a secondary cup champion. With Partizan dominating the league, and then winning the cup shortly after, they are the first ever "double champion" of the Yugoslav First League.
| Team | Location | Federal Republic | Method of qualification[2] |
|---|---|---|---|
| 14. Oktobar | Niš | PR Serbia | Serbian championship runners-up |
| Budućnost | Titograd | PR Montenegro | Montenegrin championship winners |
| Dinamo Zagreb | Zagreb | PR Croatia | Croatian championship runners-up |
| Hajduk Split | Split | PR Croatia | Croatian championship winners |
| Kvarner | Rijeka | Istrian Zone B | Istrian-Fiuman play-off winners |
| Lokomotiva | Zagreb | PR Croatia | Croatian championship third place; play-off runners-up |
| Metalac | Belgrade | PR Serbia | Serbian championship third place; play-off winners |
| Nafta | Lendava | PR Slovenia | Slovenian championship winners |
| Partizan | Belgrade | PR Serbia | Qualified directly, representing the Yugoslav People's Army |
| Pobeda | Skopje | PR Macedonia | Macedonian championship winners |
| Ponziana | Trieste | Free Territory of Trieste | Qualified directly, representing Free Territory of Trieste |
| Red Star | Belgrade | PR Serbia | Serbian championship winners |
| Spartak | Subotica | PR Serbia | Vojvodina championship winners |
| Željezničar | Sarajevo | PR Bosnia and Herzegovina | Bosnia and Herzegovina championship winners |
| Rank | Player | Club | Goals |
|---|---|---|---|
| 1 | Franjo Wölfl | Dinamo Zagreb | 28 |
| 2 | Stjepan Bobek | Partizan | 26 |
| 3 | Kosta Tomašević | Red Star | 16 |
| Frane Matošić | Hajduk Split | ||
| 5 | Antun Habić | Lokomotiva (8) / Budućnost (7) | 15 |
| 6 | Dragan Georgijevski | Pobeda Skopje | 14 |
| 7 | Jovan Jezerkić | Red Star | 13 |
| 8 | Franjo Rupnik | Partizan | 12 |
| Josip Prčić | Spartak Subotica | ||
| Aleksandar Petrović | 14. Oktobar |