Government Spending in Italy decreased to 79038.50 EUR Million in the first quarter of 2020 from 79296.20 EUR Million in the fourth quarter of 2019.

Government Spending in Italy averaged 76681.28 EUR Million from 1991 until 2020, reaching an all time high of 84635.30 EUR Million in the third quarter of 2010 and a record low of 60996.40 EUR Million in the third quarter of 1995. This page provides - Italy Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Government Spending - values, historical data and charts - was last updated on August of 2020. source: National Institute of Statistics (ISTAT)

Government Spending in Italy is expected to be 87200.00 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 Italy to stand at 89200.00 in 12 months time. In the long-term, the Italy Government Spending is projected to trend around 89000.00 EUR Million in 2021 and 88900.00 EUR Million in 2022, according to our econometric models.

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Italy Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
79038.50 79296.20 84635.30 60996.40 1991 - 2020 EUR Million Quarterly
Constant Prices 2010, SA

Italy Government Last Previous Highest Lowest Unit
Government Debt to GDP 134.80 134.80 135.30 90.50 percent [+]
Government Budget -1.60 -2.20 -1.30 -7.20 percent of GDP [+]
Government Budget Value -14.04 -30.33 27.41 -48.99 EUR Billion [+]
Government Spending 79038.50 79296.20 84635.30 60996.40 EUR Million [+]
Government Spending to GDP 48.70 48.50 56.00 46.50 percent [+]
Government Revenues 26.29 34.06 104.65 2.60 EUR Billion [+]
Government Debt 2507579.50 2467063.60 2507579.50 1320.50 EUR Million [+]
Fiscal Expenditure 40.33 64.39 108.58 1.78 EUR Billion [+]
Military Expenditure 26082.00 26448.00 33326.00 5504.00 USD Million [+]
Credit Rating 61.00 [+]
Asylum Applications 890.00 120.00 13510.00 120.00 persons [+]

Italy 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.