Government Spending in Austria increased to 17794.65 EUR Million in the second quarter of 2020 from 17095.33 EUR Million in the first quarter of 2020. source: Statistics Austria

Government Spending in Austria averaged 13941.29 EUR Million from 1988 until 2020, reaching an all time high of 18809.70 EUR Million in the fourth quarter of 2019 and a record low of 7710 EUR Million in the third quarter of 1988. This page provides - Austria Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Government Spending - values, historical data and charts - was last updated on November of 2020.

Government Spending in Austria is expected to be 17700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Austria to stand at 19129.00 in 12 months time. In the long-term, the Austria Government Spending is projected to trend around 18443.00 EUR Million in 2021 and 18702.00 EUR Million in 2022, according to our econometric models.

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Austria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
17794.65 17095.33 18809.70 7710.00 1988 - 2020 EUR Million Quarterly
Constant Prices, NSA

Austria Government Last Previous Highest Lowest Unit
Government Debt to GDP 70.40 74.00 84.90 56.10 percent [+]
Government Budget 0.70 0.20 0.70 -6.10 percent of GDP [+]
Government Budget Value -1196.00 1249.00 5384.00 -7614.00 EUR Million [+]
Government Spending 17794.65 17095.33 18809.70 7710.00 EUR Million [+]
Government Spending to GDP 48.20 48.70 56.40 47.30 percent [+]
Government Revenues 7154.00 7904.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 8350.00 6655.00 72598.00 3970.00 EUR Million [+]
Military Expenditure 3140.00 3138.00 3488.00 1178.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 1285.00 1005.00 12015.00 305.00 persons [+]
Government Debt 280426.00 285267.00 296256.00 27002.00 EUR Million [+]

Austria 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.