Government Spending in Taiwan increased to 675450 TWD Million in the fourth quarter of 2020 from 674522 TWD Million in the third quarter of 2020. source: DGBAS, Taiwan

Government Spending in Taiwan averaged 444941.53 TWD Million from 1981 until 2020, reaching an all time high of 675450 TWD Million in the fourth quarter of 2020 and a record low of 133471 TWD Million in the first quarter of 1981. This page provides - Taiwan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Government Spending - values, historical data and charts - was last updated on April of 2021.

Government Spending in Taiwan is expected to be 681364.00 TWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Taiwan to stand at 699091.00 in 12 months time. In the long-term, the Taiwan Government Spending is projected to trend around 720039.00 TWD Million in 2022 and 734440.00 TWD Million in 2023, according to our econometric models.

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Taiwan Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
675450.00 674522.00 675450.00 133471.00 1981 - 2020 TWD Million Quarterly
Constant Prices, SA

Taiwan Government Last Previous Highest Lowest Unit
Government Debt to GDP 28.20 29.30 34.00 11.20 percent [+]
Government Budget -4.50 -1.30 1.80 -6.30 percent of GDP [+]
Government Budget Value -133.52 20.21 60.87 -557.25 TWD Billion [+]
Government Spending 675450.00 674522.00 675450.00 133471.00 TWD Million [+]
Government Revenues 2942.28 2811.28 2942.28 110.05 TWD Billion [+]
Fiscal Expenditure 3075.80 2978.49 3140.94 87.04 TWD Billion [+]
Credit Rating 85.00 [+]
Military Expenditure 10618.00 10505.00 14159.00 4611.00 USD Million [+]

Taiwan 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.