Government Spending in Austria increased to 19062.12 EUR Million in the fourth quarter of 2020 from 18189.75 EUR Million in the third quarter of 2020. source: Statistics Austria

Government Spending in Austria averaged 14023.21 EUR Million from 1988 until 2020, reaching an all time high of 19062.12 EUR Million in the fourth quarter of 2020 and a record low of 7710 EUR Million in the third quarter of 1988. This page provides - Austria Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Austria is expected to be 19165.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Austria to stand at 19672.00 in 12 months time. In the long-term, the Austria Government Spending is projected to trend around 20302.00 EUR Million in 2022 and 20586.00 EUR Million in 2023, according to our econometric models.

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Austria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
19062.12 18189.75 19062.12 7710.00 1988 - 2020 EUR Million Quarterly
Constant Prices, NSA

Austria Government Last Previous Highest Lowest Unit
Government Debt to GDP 83.90 70.50 84.90 56.10 percent [+]
Government Budget -8.90 0.60 0.60 -8.90 percent of GDP [+]
Government Budget Value -4342.00 282.00 5384.00 -7614.00 EUR Million [+]
Government Spending 19062.12 18189.75 19062.12 7710.00 EUR Million [+]
Government Spending to GDP 48.20 48.70 56.40 47.30 percent [+]
Government Revenues 5000.00 8028.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 9341.00 7746.00 72598.00 3970.00 EUR Million [+]
Military Expenditure 3362.00 3388.00 3743.00 1264.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 1285.00 1005.00 12015.00 305.00 persons [+]
Government Debt 280426.00 285267.00 296256.00 27002.00 EUR Million [+]

Austria 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.