Government Spending in Paraguay decreased to 6611521 PYG Million in the third quarter of 2019 from 6675597 PYG Million in the second quarter of 2019. Paraguay Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Paraguay averaged 2536768.19 PYG Million from 1994 until 2019, reaching an all time high of 7869522 PYG Million in the fourth quarter of 2018 and a record low of 274586 PYG Million in the first quarter of 1994. This page provides - Paraguay Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Paraguay is expected to be 6399958.00 PYG Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Paraguay to stand at 6776809.00 in 12 months time. In the long-term, the Paraguay Government Spending is projected to trend around 6986890.00 PYG Million in 2021 and 7203484.00 PYG Million in 2022, according to our econometric models.

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Paraguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
6611521.00 6675597.00 7869522.00 274586.00 1994 - 2019 PYG Million Quarterly
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Paraguay 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.