Government Spending in Armenia decreased to 188026.30 AMD Million in the first quarter of 2021 from 371885.20 AMD Million in the fourth quarter of 2020. source: National Statistical Service of the Republic of Armenia

Government Spending in Armenia averaged 113591.87 AMD Million from 2000 until 2021, reaching an all time high of 371885.20 AMD Million in the fourth quarter of 2020 and a record low of 15855.90 AMD Million in the first quarter of 2000. This page provides - Armenia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Armenia is expected to be 228139.00 AMD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Armenia to stand at 196487.00 in 12 months time. In the long-term, the Armenia Government Spending is projected to trend around 404146.00 AMD Million in 2022 and 424354.00 AMD Million in 2023, according to our econometric models.

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Armenia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
188026.30 371885.20 371885.20 15855.90 2000 - 2021 AMD Million Quarterly
Current Prices, NSA

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent of GDP [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -50625.80 -175749.00 93147.40 -176100.10 AMD Million [+]
Government Revenues 362087.70 502229.30 502229.30 54380.30 AMD Million [+]
Government Debt 4329.20 3923.90 4329.20 491.00 AMD Billion [+]
Fiscal Expenditure 412713.50 677978.30 677978.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 635.00 652.00 652.00 52.10 USD Million [+]
Government Spending 188026.30 371885.20 371885.20 15855.90 AMD Million [+]
Government Spending To Gdp 16.00 24.80 28.60 16.00 percent of GDP [+]

Armenia 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.