Government Spending in Belize increased to 1300.90 USD Million in 2019 from 1221.30 USD Million in 2018.

Government Spending in Belize averaged 740.43 USD Million from 1993 until 2019, reaching an all time high of 1300.90 USD Million in 2019 and a record low of 310 USD Million in 1996. This page provides - Belize Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belize Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Belize is expected to reach 1158.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Government Spending is projected to trend around 1221.00 USD Million in 2021 and 1247.00 USD Million in 2022, according to our econometric models.

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Belize Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1300.90 1221.30 1300.90 310.00 1993 - 2019 USD Million Yearly

Belize Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.90 68.60 87.10 31.40 percent [+]
Government Budget -3.50 -0.70 1.60 -11.30 percent of GDP [+]
Government Budget Value -129.50 -27.60 44.20 -276.30 USD Million [+]
Government Spending 1300.90 1221.30 1300.90 310.00 USD Million [+]
Government Revenues 1143.80 1139.40 1143.80 249.00 USD Million [+]
Fiscal Expenditure 1083.80 1052.90 1083.80 208.70 USD Million [+]
Credit Rating 14.00 [+]
Military Expenditure 22.80 23.50 23.50 4.50 USD Million [+]

Belize 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.