Government Spending in Hungary increased to 758254 HUF Million in the third quarter of 2019 from 756122 HUF Million in the second quarter of 2019. Hungary Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Hungary averaged 598772.44 HUF Million from 1995 until 2019, reaching an all time high of 858501 HUF Million in the fourth quarter of 2017 and a record low of 454253 HUF Million in the first quarter of 1996. This page provides - Hungary Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Hungarian Central Statistical Office

Government Spending in Hungary is expected to be 718365.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hungary to stand at 785551.00 in 12 months time. In the long-term, the Hungary Government Spending is projected to trend around 813045.00 HUF Million in 2021 and 841502.00 HUF Million in 2022, according to our econometric models.

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Hungary Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
758254.00 756122.00 858501.00 454253.00 1995 - 2019 HUF Million Quarterly
Constant Prices, NSA

Hungary 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.