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. source: Banco Central De Venezuela

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. This page provides - Venezuela Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Venezuela is expected to be 707.30 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 823.04 in 12 months time. In the long-term, the Venezuela Government Spending is projected to trend around 486.11 VEF Million in 2021 and 315.97 VEF Million in 2022, according to our econometric models.

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Venezuela Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1286.00 2703.00 3645.00 1069.00 1998 - 2019 VEF Million Quarterly
Constant Prices 1997, NSA

Venezuela Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.00 31.40 72.30 20.30 percent [+]
Government Budget -29.90 -29.90 3.79 -29.90 percent of GDP [+]
Government Spending 1286.00 2703.00 3645.00 1069.00 VEF Million [+]
Credit Rating 11.00 [+]
Military Expenditure 465.00 389.00 1852.00 200.00 USD Million [+]

Venezuela 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.