Government Spending in Belize increased to 1300.90 USD Million in 2019 from 1221.30 USD Million in 2018. source: Central Bank of Belize

Government Spending in Belize averaged 740.43 USD Million from 1993 until 2019, reaching an all time high of 1300.90 USD Million in 2019 and a record low of 310 USD Million in 1996. This page provides - Belize Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belize Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Belize is expected to reach 1327.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Government Spending is projected to trend around 1407.00 USD Million in 2022 and 1463.00 USD Million in 2023, according to our econometric models.

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Belize Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1300.90 1221.30 1300.90 310.00 1993 - 2019 USD Million Yearly

Belize Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.90 68.60 87.10 31.40 percent of GDP [+]
Government Budget -3.50 -0.70 1.60 -11.30 percent of GDP [+]
Government Budget Value -129.50 -27.60 44.20 -276.30 USD Million [+]
Government Spending 1300.90 1221.30 1300.90 310.00 USD Million [+]
Government Revenues 1143.80 1139.40 1143.80 249.00 USD Million [+]
Fiscal Expenditure 1083.80 1052.90 1083.80 208.70 USD Million [+]
Military Expenditure 24.30 24.50 24.50 4.70 USD Million [+]
Credit Rating 9.00 [+]

Belize 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.