Government Spending in Taiwan decreased to 644360 TWD Million in the second quarter of 2020 from 652330 TWD Million in the first quarter of 2020.

Government Spending in Taiwan averaged 441882.24 TWD Million from 1981 until 2020, reaching an all time high of 661290 TWD Million in the second quarter of 2018 and a record low of 133471 TWD Million in the first quarter of 1981. This page provides - Taiwan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Taiwan is expected to be 655420.00 TWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Taiwan to stand at 691470.00 in 12 months time. In the long-term, the Taiwan Government Spending is projected to trend around 686871.00 TWD Million in 2021 and 704729.00 TWD Million in 2022, according to our econometric models.

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Taiwan Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
644360.00 652330.00 661290.00 133471.00 1981 - 2020 TWD Million Quarterly
Constant Prices, SA

Taiwan Government Last Previous Highest Lowest Unit
Government Debt to GDP 28.20 29.30 34.00 11.20 percent [+]
Government Budget -1.30 -1.90 1.80 -6.30 percent of GDP [+]
Government Spending 644360.00 652330.00 661290.00 133471.00 TWD Million [+]
Government Revenues 2942.28 2811.28 2942.28 110.05 TWD Billion [+]
Fiscal Expenditure 3075.80 2978.49 3140.94 87.04 TWD Billion [+]
Credit Rating 83.00 [+]
Military Expenditure 10458.00 10480.00 13820.00 4501.00 USD Million [+]


Taiwan 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.