Government Spending in Russia increased to 4252 RUB Billion in the second quarter of 2020 from 4227.40 RUB Billion in the first quarter of 2020. source: Federal State Statistics Service

Government Spending in Russia averaged 3010.23 RUB Billion from 2003 until 2020, reaching an all time high of 4252 RUB Billion in the second quarter of 2020 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 November of 2020.

Government Spending in Russia is expected to be 4024.00 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 4405.00 in 12 months time. In the long-term, the Russia Government Spending is projected to trend around 4145.00 RUB Billion in 2021 and 4277.00 RUB Billion in 2022, according to our econometric models.

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Russia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4252.00 4227.40 4252.00 1628.70 2003 - 2020 RUB Billion Quarterly
Constant Prices 2016, NSA

Russia Government Last Previous Highest Lowest Unit
Government Debt to GDP 12.20 13.50 92.10 6.50 percent [+]
Government Budget 1.80 2.90 9.88 -7.90 percent of GDP [+]
Government Budget Value -1800.37 -1777.85 3834.60 -2967.30 RUB Billion [+]
Government Spending 4252.00 4227.40 4252.00 1628.70 RUB Billion [+]
Government Revenues 26554209.20 23670774.80 2863058789.60 35000.00 RUB Million [+]
Government Debt 13054.50 12760.00 14052.00 2454.90 RUB Billion [+]
Fiscal Expenditure 28414634.90 25237420.70 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.