Government Spending in Uruguay decreased to 18034037.46 UYU Thousand in the third quarter of 2019 from 18124703.82 UYU Thousand in the second quarter of 2019. Government Spending in Uruguay averaged 15610532.37 UYU Thousand from 2005 until 2019, reaching an all time high of 18652816.56 UYU Thousand in the first quarter of 2019 and a record low of 11533511.60 UYU Thousand in the fourth quarter of 2005.

Government Spending in Uruguay is expected to be 18718101.00 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 18322582.00 in 12 months time. In the long-term, the Uruguay Government Spending is projected to trend around 19363012.00 UYU Thousand in 2020, according to our econometric models.

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Uruguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
18034037.46 18124703.82 18652816.56 11533511.60 2005 - 2019 UYU Thousand Quarterly
Constant Prices, NSA

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.

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 51.70 51.10 96.10 30.60 percent [+]
Government Budget -2.00 -2.70 -0.40 -3.40 percent of GDP [+]
Government Budget Value -6639.00 756.06 11132.20 -14936.36 UYU Million [+]
Government Spending 18034037.46 18124703.82 18652816.56 11533511.60 UYU Thousand [+]
Government Revenues 36705.00 36850.68 37148.34 3376.46 UYU Million [+]
Fiscal Expenditure 57400.00 49524.18 62038.19 5518.89 UYU Million [+]
Military Expenditure 1164.00 1166.00 1865.00 530.00 USD Million [+]
Credit Rating 55.00 [+]