Government Spending in Hungary increased to 1047425 HUF Million in the second quarter of 2021 from 1020803 HUF Million in the first quarter of 2021. source: Hungarian Central Statistical Office

Government Spending in Hungary averaged 734434.71 HUF Million from 1995 until 2021, reaching an all time high of 1204654 HUF Million in the fourth quarter of 2020 and a record low of 534765 HUF Million in the first quarter of 1996. This page provides - Hungary Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Hungary is expected to be 1047679.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Government Spending is projected to trend around 1315493.00 HUF Million in 2022 and 1357589.00 HUF Million in 2023, according to our econometric models.

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Hungary Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1047425.00 1020803.00 1204654.00 534765.00 1995 - 2021 HUF Million Quarterly
Constant Prices, NSA

Hungary Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.40 65.50 84.10 52.30 percent of GDP [+]
Government Budget -8.10 -2.10 -1.80 -9.30 percent of GDP [+]
Government Budget Value -97.00 -103.00 434.90 -2250.00 HUF Billion [+]
Government Spending 1047425.00 1020803.00 1204654.00 534765.00 HUF Million [+]
Government Spending to GDP 51.60 45.70 55.20 45.70 percent of GDP [+]
Government Revenues 2234.41 1910.60 3006.32 127.61 HUF Billion [+]
Government Debt 37836.52 37415.29 37836.52 11760.69 HUF Billion [+]
Fiscal Expenditure 2333.61 2302.58 5256.80 149.46 HUF Billion [+]
Military Expenditure 2463.00 2051.00 4612.00 1054.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 5.00 5.00 46720.00 0.00 persons [+]


Hungary 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.