Government Spending in Russia increased to 4226.90 RUB Billion in the fourth quarter of 2019 from 4046.20 RUB Billion in the third quarter of 2019.

Government Spending in Russia averaged 2723.30 RUB Billion from 2003 until 2019, reaching an all time high of 4226.90 RUB Billion in the fourth quarter of 2019 and a record low of 1628.70 RUB Billion in the first quarter of 2003. This page provides - Russia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Government Spending - values, historical data and charts - was last updated on July of 2020. source: Federal State Statistics Service

Government Spending in Russia is expected to be 3898.00 RUB Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Russia to stand at 4565.00 in 12 months time. In the long-term, the Russia Government Spending is projected to trend around 4161.00 RUB Billion in 2021 and 4273.00 RUB Billion in 2022, according to our econometric models.

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Russia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4226.90 4046.20 4226.90 1628.70 2003 - 2019 RUB Billion Quarterly
Constant Prices 2016, NSA

Russia Government Last Previous Highest Lowest Unit
Government Debt to GDP 14.60 15.50 92.10 6.50 percent [+]
Government Budget 1.80 2.90 9.88 -7.90 percent of GDP [+]
Government Budget Value -409.12 122.88 3834.60 -2967.30 RUB Billion [+]
Government Spending 4226.90 4046.20 4226.90 1628.70 RUB Billion [+]
Government Revenues 13187157.70 922333969.30 2863058789.60 35000.00 RUB Million [+]
Government Debt 12760.00 12564.70 14052.00 2454.90 RUB Billion [+]
Fiscal Expenditure 12244694.90 8601941.90 36995282.60 44800.00 RUB Million [+]
Credit Rating 55.00 [+]
Military Expenditure 64193.00 66527.00 82576.00 16241.00 USD Million [+]

Russia 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.