Government Spending in Uruguay increased to 70690.51 UYU Thousand in the fourth quarter of 2020 from 64437.35 UYU Thousand in the third quarter of 2020. source: Banco Central del Uruguay

Government Spending in Uruguay averaged 10141467.30 UYU Thousand from 2005 until 2020, reaching an all time high of 18154731.70 UYU Thousand in the fourth quarter of 2015 and a record low of 61468.44 UYU Thousand in the second quarter of 2020. This page provides - Uruguay Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Uruguay is expected to be 70948.00 UYU Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Uruguay to stand at 73094.00 in 12 months time. In the long-term, the Uruguay Government Spending is projected to trend around 75360.00 UYU Thousand in 2022 and 77244.00 UYU Thousand in 2023, according to our econometric models.

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Uruguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
70690.51 64437.35 18154731.70 61468.44 2005 - 2020 UYU Thousand Quarterly
Constant Prices, NSA

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 73.00 60.50 96.10 30.60 percent [+]
Government Budget -5.10 -2.80 -0.40 -5.10 percent of GDP [+]
Government Budget Value -34734.61 -12945.23 15558.61 -34770.83 UYU Million [+]
Government Spending 70690.51 64437.35 18154731.70 61468.44 UYU Thousand [+]
Government Revenues 44086.96 32494.89 45150.26 3376.46 UYU Million [+]
Fiscal Expenditure 90234.12 60574.19 90234.12 5518.89 UYU Million [+]
Credit Rating 55.00 [+]
Military Expenditure 1220.00 1271.00 1871.00 532.00 USD Million [+]

Uruguay 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.