Government Spending in Uruguay increased to 18638573.11 UYU Thousand in the fourth quarter of 2019 from 18154485.07 UYU Thousand in the third quarter of 2019.

Government Spending in Uruguay averaged 15664399.89 UYU Thousand from 2005 until 2019, reaching an all time high of 18638573.11 UYU Thousand in the fourth quarter of 2019 and a record low of 11533511.60 UYU Thousand in the fourth quarter of 2005. This page provides - Uruguay Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Government Spending - values, historical data and charts - was last updated on June of 2020.

Government Spending in Uruguay is expected to be 17976943.00 UYU Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Uruguay to stand at 18452187.00 in 12 months time. In the long-term, the Uruguay Government Spending is projected to trend around 18471851.00 UYU Thousand in 2021 and 18878232.00 UYU Thousand in 2022, according to our econometric models.

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Uruguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
18638573.11 18154485.07 18638573.11 11533511.60 2005 - 2019 UYU Thousand Quarterly
Constant Prices, NSA

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 61.30 60.20 96.10 30.60 percent [+]
Government Budget -2.90 -2.00 -0.40 -3.40 percent of GDP [+]
Government Budget Value 15612.72 -35177.36 15612.72 -35177.36 UYU Million [+]
Government Spending 18638573.11 18154485.07 18638573.11 11533511.60 UYU Thousand [+]
Government Revenues 37608.92 30712.43 42045.96 3376.46 UYU Million [+]
Fiscal Expenditure 57400.00 49524.18 62038.19 5518.89 UYU Million [+]
Credit Rating 55.00 [+]
Military Expenditure 1164.00 1166.00 1865.00 530.00 USD Million [+]

Uruguay 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.