Government Spending in Venezuela decreased to 1286 VEF Million in the first quarter of 2019 from 2703 VEF Million in the fourth quarter of 2018. Government Spending in Venezuela averaged 2099.36 VEF Million from 1998 until 2019, reaching an all time high of 3645 VEF Million in the fourth quarter of 2014 and a record low of 1069 VEF Million in the second quarter of 1999. source: Banco Central De Venezuela
Government Spending in Venezuela is expected to be 925.92 VEF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Venezuela to stand at 861.62 in 12 months time. In the long-term, the Venezuela Government Spending is projected to trend around 551.44 VEF Million in 2020, according to our econometric models.