Government Spending in Taiwan decreased to 648083 TWD Million in the fourth quarter of 2019 from 651077 TWD Million in the third quarter of 2019.

Government Spending in Taiwan averaged 439235.28 TWD Million from 1981 until 2019, 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 May of 2020.

Government Spending in Taiwan is expected to be 628721.00 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 661693.00 in 12 months time. In the long-term, the Taiwan Government Spending is projected to trend around 680228.00 TWD Million in 2021 and 697914.00 TWD Million in 2022, according to our econometric models.

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Taiwan Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
648083.00 651077.00 661290.00 133471.00 1981 - 2019 TWD Million Quarterly
Constant Prices, SA

Taiwan Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.90 30.80 34.00 11.19 percent [+]
Government Budget -1.90 -2.00 1.80 -6.30 percent of GDP [+]
Government Spending 648083.00 651077.00 661290.00 133471.00 TWD Million [+]
Government Revenues 2942.28 2801.78 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.