Government Spending in Georgia increased to 2065.80 GEL Million in the fourth quarter of 2020 from 1741.80 GEL Million in the third quarter of 2020. source: National Statistics Office of Georgia

Government Spending in Georgia averaged 846.35 GEL Million from 1996 until 2020, reaching an all time high of 2065.80 GEL Million in the fourth quarter of 2020 and a record low of 41.10 GEL Million in the first quarter of 1996. This page provides - Georgia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Georgia is expected to be 1502.00 GEL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Georgia to stand at 1794.00 in 12 months time. In the long-term, the Georgia Government Spending is projected to trend around 1875.00 GEL Million in 2022 and 1959.00 GEL Million in 2023, according to our econometric models.

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Georgia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2065.80 1741.80 2065.80 41.10 1996 - 2020 GEL Million Quarterly
Current Prices, NSA

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.40 41.20 62.40 21.55 percent [+]
Government Budget -3.40 -2.60 4.50 -6.70 percent of GDP [+]
Government Spending 2065.80 1741.80 2065.80 41.10 GEL Million [+]
Government Revenues 1079.70 864.00 1141.60 148.50 GEL Million [+]
Fiscal Expenditure 1112.20 977.40 1633.50 132.00 GEL Million [+]
Military Expenditure 337.00 327.00 938.00 34.10 USD Million [+]
Credit Rating 45.00 [+]
Government Budget Value -181.30 -259.40 387.20 -907.90 GEL Million [+]

Georgia 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.