Government Spending in Lithuania increased to 1512.90 EUR Million in the third quarter of 2019 from 1474.50 EUR Million in the second quarter of 2019. Government Spending in Lithuania averaged 1422.88 EUR Million from 2005 until 2019, reaching an all time high of 1539.70 EUR Million in the first quarter of 2019 and a record low of 1257.60 EUR Million in the third quarter of 2010.

Government Spending in Lithuania is expected to be 1554.00 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 Lithuania to stand at 1552.00 in 12 months time. In the long-term, the Lithuania Government Spending is projected to trend around 1624.00 EUR Million in 2020, according to our econometric models.

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Lithuania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1512.90 1474.50 1539.70 1257.60 2005 - 2019 EUR Million Quarterly
Constant Prices, NSA

Lithuania 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.

Lithuania Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.20 39.40 42.60 11.50 percent [+]
Government Budget 0.70 0.50 0.70 -11.80 percent of GDP [+]
Government Budget Value 444.80 -234.00 517.40 -1800.50 EUR Million [+]
Government Spending 1512.90 1474.50 1539.70 1257.60 EUR Million [+]
Government Spending to GDP 34.00 33.10 50.30 33.10 percent [+]
Government Revenues 4570.90 3511.80 4570.90 1106.50 EUR Million [+]
Government Debt 16845.10 16733.00 16845.10 3249.10 EUR Million [+]
Fiscal Expenditure 4126.10 3745.80 4693.80 1164.50 EUR Million [+]
Credit Rating 72.00 [+]
Military Expenditure 956.00 812.00 956.00 83.50 USD Million [+]
Asylum Applications 55.00 75.00 100.00 0.00 persons [+]