Government Spending in Russia increased to 4046.20 RUB Billion in the third quarter of 2019 from 4043.50 RUB Billion in the second quarter of 2019. Russia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Russia averaged 2700.85 RUB Billion from 2003 until 2019, reaching an all time high of 4067.40 RUB Billion in the fourth quarter of 2018 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. source: Federal State Statistics Service

Government Spending in Russia is expected to be 4067.00 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 4127.00 in 12 months time. In the long-term, the Russia Government Spending is projected to trend around 4230.00 RUB Billion in 2021 and 4345.00 RUB Billion in 2022, according to our econometric models.

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Russia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4046.20 4043.50 4067.40 1628.70 2003 - 2019 RUB Billion Quarterly
Constant Prices 2016, NSA

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.