Government Spending in Hungary increased to 958620 HUF Million in the second quarter of 2020 from 856773 HUF Million in the first quarter of 2020. source: Hungarian Central Statistical Office

Government Spending in Hungary averaged 712424.49 HUF Million from 1995 until 2020, reaching an all time high of 1032762 HUF Million in the fourth quarter of 2019 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 October of 2020.

Government Spending in Hungary is expected to be 875933.00 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 1074613.00 in 12 months time. In the long-term, the Hungary Government Spending is projected to trend around 1018685.00 HUF Million in 2021 and 1045171.00 HUF Million in 2022, according to our econometric models.

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Hungary Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
958620.00 856773.00 1032762.00 534765.00 1995 - 2020 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 -9.00 -96.00 434.90 -907.60 HUF Billion [+]
Government Spending 958620.00 856773.00 1032762.00 534765.00 HUF Million [+]
Government Spending to GDP 46.10 46.70 55.20 46.10 percent [+]
Government Revenues 1250325.00 1270332.00 2197021.00 127614.00 HUF Million [+]
Government Debt 32394.86 31779.14 32394.86 11760.69 HUF Billion [+]
Fiscal Expenditure 1281968.00 1577448.00 2665025.00 149458.00 HUF Million [+]
Military Expenditure 1568.00 1463.00 4580.00 1047.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 5.00 0.00 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.