Government Spending in Armenia increased to 299123.10 AMD Million in the fourth quarter of 2019 from 201203.20 AMD Million in the third quarter of 2019.

Government Spending in Armenia averaged 108323.96 AMD Million from 2000 until 2019, reaching an all time high of 299123.10 AMD Million in the fourth quarter of 2019 and a record low of 15855.90 AMD Million in the first quarter of 2000. This page provides - Armenia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Spending - values, historical data and charts - was last updated on March of 2020.

Government Spending in Armenia is expected to be 142814.00 AMD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Armenia to stand at 207642.00 in 12 months time. In the long-term, the Armenia Government Spending is projected to trend around 216778.00 AMD Million in 2021 and 226099.00 AMD Million in 2022, according to our econometric models.

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Armenia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
299123.10 201203.20 299123.10 15855.90 2000 - 2019 AMD Million Quarterly
Current Prices, NSA

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.49 48.29 48.49 13.56 percent [+]
Government Budget -1.80 -4.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -161239.60 -24704.10 93147.40 -176100.10 AMD Billion [+]
Government Revenues 427758.70 401109.00 448757.10 54380.30 AMD Billion [+]
Government Debt 3509.60 3352.70 3509.60 491.00 AMD Billion [+]
Fiscal Expenditure 588998.30 425813.10 588998.30 58587.20 AMD Million [+]
Credit Rating 14.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 299123.10 201203.20 299123.10 15855.90 AMD Million [+]

Armenia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.