Government Spending in Hungary decreased to 1020803 HUF Million in the first quarter of 2021 from 1204654 HUF Million in the fourth quarter of 2020. source: Hungarian Central Statistical Office

Government Spending in Hungary averaged 731453.85 HUF Million from 1995 until 2021, reaching an all time high of 1204654 HUF Million in the fourth quarter of 2020 and a record low of 534765 HUF Million in the first quarter of 1996. This page provides - Hungary Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Government Spending - values, historical data and charts - was last updated on June of 2021.

Government Spending in Hungary is expected to be 1104917.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hungary to stand at 1178060.00 in 12 months time. In the long-term, the Hungary Government Spending is projected to trend around 1208108.00 HUF Million in 2022 and 1246767.00 HUF Million in 2023, according to our econometric models.

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Hungary Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1020803.00 1204654.00 1204654.00 534765.00 1995 - 2021 HUF Million Quarterly
Constant Prices, NSA

Hungary Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.40 65.50 84.10 52.30 percent of GDP [+]
Government Budget -8.10 -2.10 -1.80 -9.30 percent of GDP [+]
Government Budget Value -269.00 100.50 434.90 -2250.00 HUF Billion [+]
Government Spending 1020803.00 1204654.00 1204654.00 534765.00 HUF Million [+]
Government Spending to GDP 51.60 45.70 55.20 45.70 percent of GDP [+]
Government Revenues 1900.05 1653.96 3006.32 127.61 HUF Billion [+]
Government Debt 37032.10 37273.04 37273.04 11760.69 HUF Billion [+]
Fiscal Expenditure 2504.44 2392.44 5256.80 149.46 HUF Billion [+]
Military Expenditure 2463.00 2051.00 4612.00 1054.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 0.00 10.00 46720.00 0.00 persons [+]


Hungary 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.