| Competition: | Prva savezna liga |
| Season: | 1973–74 |
| Winners: | Hajduk Split (5th Federal League title) (7th Yugoslav title overall) |
| Relegated: | Borac Banja Luka NK Zagreb |
| Continentalcup1: | European Cup |
| Continentalcup1 Qualifiers: | Hajduk Split |
| Continentalcup2: | Cup Winners' Cup |
| Continentalcup2 Qualifiers: | Red Star |
| Continentalcup3: | UEFA Cup |
| Continentalcup3 Qualifiers: | Velež Partizan |
| League Topscorer: | Danilo Popivoda (17) |
| Prevseason: | 1972–73 |
| Nextseason: | 1974–75 |
1973–74 Yugoslav First League (Prva savezna liga Jugoslavije, Prvenstvo 1973/74) competition was the 46th top league season since 1923 in various incarnations of Yugoslavia. It was won by Hajduk Split by the tightest of margins over second placed Velež. The two teams were tied on points at the end of the season, so the goal difference decided the title.
Had the current three-points-for-a-win system been in use instead of the standard two-points-for-a-win that was used at the time, Velež Mostar would have been champions with 64 points, while Hajduk would have been be second with 63.
This was Hajduk's 7th league title overall (their 5th after the World War II).
A total of eighteen teams contested the league, including sixteen sides from the 1972–73 season and two sides promoted from the 1972–73 Yugoslav Second League (YSL) as winners of the two second level divisions East and West. The league was contested in a double round robin format, with each club playing every other club twice, for a total of 34 rounds. Two points were awarded for wins and one point for draws.
Spartak Subotica and Sutjeska Nikšić were relegated from the 1972–73 Yugoslav First League after finishing the season in bottom two places of the league table. The two clubs promoted to top level were Proleter Zrenjanin and NK Zagreb.
| Team | Location | Federal Republic | Position in 1972–73 |
|---|---|---|---|
| Bor | Bor | 15th | |
| Borac Banja Luka | Banja Luka | 12th | |
| Čelik | Zenica | 14th | |
| Dinamo Zagreb | Zagreb | 8th | |
| Hajduk Split | Split | 9th | |
| OFK Belgrade | Belgrade | 3rd | |
| Olimpija Ljubljana | Ljubljana | 16th | |
| Partizan | Belgrade | 4th | |
| Proleter Zrenjanin | Zrenjanin | ||
| Radnički Niš | Niš | 11th | |
| Red Star | Belgrade | 1st | |
| Sarajevo | Sarajevo | 7th | |
| Sloboda | Tuzla | 6th | |
| Vardar | Skopje | 10th | |
| Velež | Mostar | 2nd | |
| Vojvodina | Novi Sad | 13th | |
| NK Zagreb | Zagreb | ||
| Željezničar | Sarajevo | 5th | |
| Rank | Player | Club | Goals | |
|---|---|---|---|---|
| 1 | Danilo Popivoda | Olimpija | 17 | |
| 2 | Dušan Bajević | Velež | 16 | |
| 3 | Husnija Fazlić | Borac Banja Luka | 15 | |
| 4 | Stanislav Karasi | Red Star | 14 | |
| Nenad Bjeković | Partizan | |||
| Mate Gavran | Čelik | |||
| 7 | Slaviša Žungul | Hajduk Split | 12 | |
| Dušan Šujica | Vardar | |||
| Slobodan Radović | Bor | |||
| 10 | Aleksandar Panajotović | Red Star | 11 |
FK Velež player Vahid Halilhodžić, whose team spent the spring of 1974 in a tight league title race with Hajduk Split, alleged in a 2023 interview that Hajduk fixed its last 1973-74 league match away at OFK Beograd (Hajduk won 0-2) while further insinuating that the approach took place through OFK goalkeeper Petar Borota.[1]