Government Spending in Hungary decreased to 1075397 HUF Million in the first quarter of 2023 from 1203239 HUF Million in the fourth quarter of 2022. source: Hungarian Central Statistical Office

Government Spending in Hungary averaged 779687.53 HUF Million from 1995 until 2023, reaching an all time high of 1328779.00 HUF Million in the fourth quarter of 2020 and a record low of 539351.00 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 June of 2023.

Government Spending in Hungary is expected to be 1077779.00 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 1242007.00 HUF Million in 2024 and 1279268.00 HUF Million in 2025, according to our econometric models.

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Hungary Government Spending

Related Last Previous Unit Reference
Government Budget -6.20 -7.10 percent of GDP Dec 2022
Government Spending 1075397.00 1203239.00 HUF Million Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
1075397.00 1203239.00 1328779.00 539351.00 1995 - 2023 HUF Million Quarterly
Constant Prices, NSA