Government Spending in Lithuania decreased to 1635.30 EUR Million in the second quarter of 2020 from 1747.70 EUR Million in the first quarter of 2020.

Government Spending in Lithuania averaged 1434.30 EUR Million from 2005 until 2020, reaching an all time high of 1747.70 EUR Million in the first quarter of 2020 and a record low of 1257.60 EUR Million in the third quarter of 2010. This page provides - Lithuania Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Lithuania is expected to be 1468.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Lithuania to stand at 1696.00 in 12 months time. In the long-term, the Lithuania Government Spending is projected to trend around 1564.00 EUR Million in 2021 and 1607.00 EUR Million in 2022, according to our econometric models.

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Lithuania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1635.30 1747.70 1747.70 1257.60 2005 - 2020 EUR Million Quarterly
Constant Prices, NSA

Lithuania Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.30 33.80 42.60 11.50 percent [+]
Government Budget 0.30 0.60 0.60 -11.80 percent of GDP [+]
Government Budget Value -574.10 -68.50 517.40 -1800.50 EUR Million [+]
Government Spending 1635.30 1747.70 1747.70 1257.60 EUR Million [+]
Government Spending to GDP 34.90 34.00 50.30 33.20 percent [+]
Government Revenues 3734.00 4976.40 4976.40 1106.50 EUR Million [+]
Government Debt 21825.20 21642.50 21825.20 3249.10 EUR Million [+]
Fiscal Expenditure 4308.10 5044.90 5044.90 1164.50 EUR Million [+]
Military Expenditure 956.00 812.00 956.00 83.50 USD Million [+]
Credit Rating 75.00 [+]
Asylum Applications 15.00 20.00 110.00 0.00 persons [+]


Lithuania 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.