Government Spending in Austria decreased to 17452.32 EUR Million in the first quarter of 2020 from 18809.70 EUR Million in the fourth quarter of 2019.

Government Spending in Austria averaged 13914.19 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 August of 2020.

Government Spending in Austria is expected to be 17346.00 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 19075.00 in 12 months time. In the long-term, the Austria Government Spending is projected to trend around 18875.00 EUR Million in 2021 and 19139.00 EUR Million in 2022, according to our econometric models.

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Austria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
17452.32 18809.70 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 -4296.00 -1424.00 5384.00 -7614.00 EUR Million [+]
Government Spending 17452.32 18809.70 18809.70 7710.00 EUR Million [+]
Government Spending to GDP 48.20 48.70 56.40 47.30 percent [+]
Government Revenues 5284.00 6334.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 9582.00 7757.00 72598.00 3970.00 EUR Million [+]
Credit Rating 96.00 [+]
Military Expenditure 3140.00 3138.00 3488.00 1178.00 USD Million [+]
Asylum Applications 575.00 305.00 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.