Government Spending in Russia increased to 4262.40 RUB Billion in the third quarter of 2020 from 4252 RUB Billion in the second quarter of 2020. source: Federal State Statistics Service

Government Spending in Russia averaged 3027.87 RUB Billion from 2003 until 2020, reaching an all time high of 4262.40 RUB Billion in the third quarter of 2020 and a record low of 1628.70 RUB Billion in the first quarter of 2003. This page provides - Russia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Government Spending - values, historical data and charts - was last updated on March of 2021.

Government Spending in Russia is expected to be 4109.00 RUB Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Russia to stand at 4162.52 in 12 months time. In the long-term, the Russia Government Spending is projected to trend around 4232.00 RUB Billion in 2022 and 4367.00 RUB Billion in 2023, according to our econometric models.

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Russia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4262.40 4252.00 4262.40 1628.70 2003 - 2020 RUB Billion Quarterly
Constant Prices 2016, NSA

Russia Government Last Previous Highest Lowest Unit
Government Debt to GDP 12.20 13.50 92.10 6.50 percent [+]
Government Budget 1.80 2.90 9.88 -7.90 percent of GDP [+]
Government Budget Value -185.13 -4101.84 3834.60 -4101.84 RUB Billion [+]
Government Spending 4262.40 4252.00 4262.40 1628.70 RUB Billion [+]
Government Revenues 37856707.30 33179915.00 2863058789.60 35000.00 RUB Million [+]
Government Debt 14572.80 13054.50 14572.80 2454.90 RUB Billion [+]
Fiscal Expenditure 42150920.50 35590255.20 42150920.50 44800.00 RUB Million [+]
Credit Rating 55.00 [+]
Military Expenditure 64193.00 66527.00 82576.00 16241.00 USD Million [+]

Russia 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.