Government Spending in Slovakia decreased to 3.50 EUR Billion in the second quarter of 2020 from 3.60 EUR Billion in the first quarter of 2020.

Government Spending in Slovakia averaged 2.98 EUR Billion from 1997 until 2020, reaching an all time high of 4.68 EUR Billion in the fourth quarter of 2019 and a record low of 1.76 EUR Billion in the first quarter of 2000. This page provides - Slovakia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Slovakia is expected to be 3.74 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Slovakia to stand at 3.98 in 12 months time. In the long-term, the Slovakia Government Spending is projected to trend around 4.69 EUR Billion in 2021 and 4.88 EUR Billion in 2022, according to our econometric models.

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Slovakia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.60 4.68 1.76 1997 - 2020 EUR Billion Quarterly
Constant Prices, NSA

Slovakia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.00 49.40 54.70 21.60 percent [+]
Government Budget -1.30 -1.00 -1.00 -12.60 percent of GDP [+]
Government Budget Value -678.60 -154.00 432.63 -4405.51 EUR Million [+]
Government Spending 3.50 3.60 4.68 1.76 EUR Billion [+]
Government Spending to GDP 42.80 41.80 78.80 36.40 percent [+]
Government Revenues 9913.10 8720.30 16162.02 483.69 EUR Million [+]
Government Debt 52698.00 44316.00 52698.00 12737.00 EUR Million [+]
Fiscal Expenditure 14578.80 12707.40 18043.00 606.36 EUR Million [+]
Military Expenditure 1186.00 1049.00 1732.00 821.00 USD Million [+]
Credit Rating 76.00 [+]
Asylum Applications 50.00 20.00 160.00 0.00 persons [+]

Slovakia 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.