Government Spending in Portugal decreased to 8067.20 EUR Million in the second quarter of 2020 from 8364.40 EUR Million in the first quarter of 2020.

Government Spending in Portugal averaged 8068.16 EUR Million from 1995 until 2020, reaching an all time high of 9085.90 EUR Million in the third quarter of 2009 and a record low of 6203.80 EUR Million in the first quarter of 1995. This page provides - Portugal Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Portugal is expected to be 8900.00 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 Portugal to stand at 9100.00 in 12 months time. In the long-term, the Portugal Government Spending is projected to trend around 9000.00 EUR Million in 2021 and 9100.00 EUR Million in 2022, according to our econometric models.

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Portugal Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
8067.20 8364.40 9085.90 6203.80 1995 - 2020 EUR Million Quarterly
Constant Prices 2016, SA

Portugal Government Last Previous Highest Lowest Unit
Government Debt to GDP 117.20 121.50 131.50 50.30 percent [+]
Government Budget 0.10 -0.30 0.10 -11.40 percent of GDP [+]
Government Budget Value -6499.00 -8488.00 271.00 -14745.00 EUR Million [+]
Government Spending 8067.20 8364.40 9085.90 6203.80 EUR Million [+]
Government Spending to GDP 42.70 43.40 51.90 42.50 percent [+]
Government Revenues 29526.00 23732.00 49914.00 846.00 EUR Million [+]
Government Debt 259887.00 254769.00 259887.00 62915.00 EUR Million [+]
Fiscal Expenditure 36025.00 32221.00 53883.00 819.00 EUR Million [+]
Credit Rating 71.00 [+]
Military Expenditure 3969.00 3647.00 4881.00 755.00 USD Million [+]
Asylum Applications 5.00 120.00 195.00 5.00 persons [+]

Portugal 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.