Government Spending in Armenia decreased to 159313.30 AMD Million in the first quarter of 2020 from 299123.10 AMD Million in the fourth quarter of 2019.

Government Spending in Armenia averaged 108953.46 AMD Million from 2000 until 2020, 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 August of 2020.

Government Spending in Armenia is expected to be 203718.00 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 166323.00 in 12 months time. In the long-term, the Armenia Government Spending is projected to trend around 320092.00 AMD Million in 2021 and 333856.00 AMD Million in 2022, according to our econometric models.

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Armenia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
159313.30 299123.10 299123.10 15855.90 2000 - 2020 AMD Million Quarterly
Current Prices, NSA

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value 46331.30 -161239.60 93147.40 -176100.10 AMD Billion [+]
Government Revenues 381928.70 427758.70 448757.10 54380.30 AMD Billion [+]
Government Debt 3646.90 3509.60 3646.90 491.00 AMD Billion [+]
Fiscal Expenditure 335597.40 588998.30 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 159313.30 299123.10 299123.10 15855.90 AMD Million [+]
Government Spending To Gdp 24.80 24.10 28.60 23.60 percent of GDP [+]


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.