Government Spending in Uruguay decreased to 16068888.52 UYU Thousand in the second quarter of 2020 from 18631117.95 UYU Thousand in the first quarter of 2020. source: Banco Central del Uruguay

Government Spending in Uruguay averaged 15718774.19 UYU Thousand from 2005 until 2020, reaching an all time high of 18638573.11 UYU Thousand in the fourth quarter of 2019 and a record low of 11533511.60 UYU Thousand in the fourth quarter of 2005. This page provides - Uruguay Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Government Spending - values, historical data and charts - was last updated on December of 2020.

Government Spending in Uruguay is expected to be 17700078.00 UYU Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Uruguay to stand at 17354400.00 in 12 months time. In the long-term, the Uruguay Government Spending is projected to trend around 18376142.00 UYU Thousand in 2021 and 18780417.00 UYU Thousand in 2022, according to our econometric models.

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Uruguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
16068888.52 18631117.95 18638573.11 11533511.60 2005 - 2020 UYU Thousand Quarterly
Constant Prices, NSA

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 61.30 60.20 96.10 30.60 percent [+]
Government Budget -2.90 -2.00 -0.40 -3.40 percent of GDP [+]
Government Budget Value -339.97 -7048.44 15556.94 -34770.92 UYU Million [+]
Government Spending 16068888.52 18631117.95 18638573.11 11533511.60 UYU Thousand [+]
Government Revenues 45150.26 35109.66 45150.26 3376.46 UYU Million [+]
Fiscal Expenditure 60528.60 54907.36 79672.03 5518.89 UYU Million [+]
Credit Rating 55.00 [+]
Military Expenditure 1164.00 1166.00 1865.00 530.00 USD Million [+]

Uruguay 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.