Government Spending in Lithuania increased to 1728.60 EUR Million in the first quarter of 2021 from 1564.50 EUR Million in the fourth quarter of 2020. source: Statistics Lithuania

Government Spending in Lithuania averaged 1441.52 EUR Million from 2005 until 2021, reaching an all time high of 1747.70 EUR Million in the first quarter of 2020 and a record low of 1257.60 EUR Million in the third quarter of 2010. This page provides - Lithuania Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Lithuania is expected to be 1748.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Lithuania to stand at 1841.00 in 12 months time. In the long-term, the Lithuania Government Spending is projected to trend around 1681.00 EUR Million in 2022 and 1746.00 EUR Million in 2023, according to our econometric models.

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Lithuania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1728.60 1564.50 1747.70 1257.60 2005 - 2021 EUR Million Quarterly
Constant Prices, NSA

Lithuania Government Last Previous Highest Lowest Unit
Government Debt to GDP 47.30 35.90 47.30 11.50 percent of GDP [+]
Government Budget -7.40 0.50 0.60 -11.80 percent of GDP [+]
Government Budget Value -408.80 -1711.93 487.35 -1800.50 EUR Million [+]
Government Spending 1728.60 1564.50 1747.70 1257.60 EUR Million [+]
Government Spending to GDP 43.50 34.60 50.30 33.20 percent of GDP [+]
Government Revenues 4418.29 5024.17 5024.17 1106.46 EUR Million [+]
Government Debt 22392.00 22262.40 22784.70 3249.10 EUR Million [+]
Fiscal Expenditure 4827.09 6736.10 6736.10 1164.48 EUR Million [+]
Military Expenditure 1135.00 1094.00 1135.00 87.50 USD Million [+]
Credit Rating 76.00 [+]
Asylum Applications 30.00 35.00 110.00 0.00 persons [+]

Lithuania 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.