Government Spending in Czech Republic increased to 257.29 CZK Billion in the fourth quarter of 2020 from 243.85 CZK Billion in the third quarter of 2020. source: Czech Statistical Office

Government Spending in Czech Republic averaged 207.23 CZK Billion from 1996 until 2020, reaching an all time high of 257.29 CZK Billion in the fourth quarter of 2020 and a record low of 168.75 CZK Billion in the first quarter of 1998. This page provides - Czech Republic Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Czech Republic is expected to be 269.73 CZK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Czech Republic to stand at 270.15 in 12 months time. In the long-term, the Czech Republic Government Spending is projected to trend around 276.91 CZK Billion in 2022 and 283.83 CZK Billion in 2023, according to our econometric models.

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Czech Republic Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
257.29 243.85 257.29 168.75 1996 - 2020 CZK Billion Quarterly
Constant Prices 2010, SA

Czech Republic Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.10 30.30 44.40 11.60 percent [+]
Government Budget -6.20 0.30 1.50 -12.40 percent of GDP [+]
Government Budget Value -39096.02 -54643.81 45869.48 -79160.00 CZK Million [+]
Government Spending 257.29 243.85 257.29 168.75 CZK Billion [+]
Government Spending to GDP 41.90 41.20 52.90 39.50 percent [+]
Government Revenues 122753.22 96807.18 171709.74 16874.00 CZK Million [+]
Government Debt 1740468.00 1734626.00 1840412.00 211777.00 CZK Million [+]
Fiscal Expenditure 161849.23 151450.99 202342.23 9364.00 CZK Million [+]
Military Expenditure 2994.00 2710.00 3502.00 2042.00 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 65.00 105.00 200.00 15.00 persons [+]

Czech Republic 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.