Government Spending in Hungary increased to 877274 HUF Million in the fourth quarter of 2019 from 771843 HUF Million in the third quarter of 2019.

Government Spending in Hungary averaged 601847.63 HUF Million from 1995 until 2019, reaching an all time high of 877274 HUF Million in the fourth quarter of 2019 and a record low of 454253 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 May of 2020. source: Hungarian Central Statistical Office

Government Spending in Hungary is expected to be 737606.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hungary to stand at 831656.00 in 12 months time. In the long-term, the Hungary Government Spending is projected to trend around 865317.00 HUF Million in 2021 and 887815.00 HUF Million in 2022, according to our econometric models.

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Hungary Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
877274.00 771843.00 877274.00 454253.00 1995 - 2019 HUF Million Quarterly
Constant Prices, NSA

Hungary Government Last Previous Highest Lowest Unit
Government Debt to GDP 66.30 70.20 84.10 52.30 percent [+]
Government Budget -2.00 -2.10 -1.80 -9.30 percent of GDP [+]
Government Budget Value 104.50 -577.00 434.90 -907.60 HUF Billion [+]
Government Spending 877274.00 771843.00 877274.00 454253.00 HUF Million [+]
Government Spending to GDP 46.10 46.70 55.20 46.10 percent [+]
Government Revenues 1640000.00 1202234.00 2197021.00 127614.00 HUF Million [+]
Government Debt 29683.93 29607.79 29699.14 11760.69 HUF Billion [+]
Fiscal Expenditure 1503955.00 1665234.00 2665025.00 149458.00 HUF Million [+]
Military Expenditure 1568.00 1463.00 4580.00 1047.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 30.00 25.00 46720.00 25.00 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.