Government Spending in Czech Republic decreased to 246.35 CZK Billion in the second quarter of 2020 from 250.13 CZK Billion in the first quarter of 2020.

Government Spending in Czech Republic averaged 206.37 CZK Billion from 1996 until 2020, reaching an all time high of 250.13 CZK Billion in the first quarter of 2020 and a record low of 168.75 CZK Billion in the first quarter of 1998. This page provides - Czech Republic Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Government Spending - values, historical data and charts - was last updated on October of 2020. source: Czech Statistical Office

Government Spending in Czech Republic is expected to be 238.94 CZK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Czech Republic to stand at 270.49 in 12 months time. In the long-term, the Czech Republic Government Spending is projected to trend around 242.22 CZK Billion in 2021 and 248.27 CZK Billion in 2022, according to our econometric models.

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Czech Republic Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
246.35 250.13 250.13 168.75 1996 - 2020 CZK Billion Quarterly
Constant Prices 2010, SA

Czech Republic Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.80 32.60 44.90 11.60 percent [+]
Government Budget 0.30 0.90 1.50 -12.40 percent of GDP [+]
Government Budget Value -22411.13 -25196.92 45869.48 -79160.00 CZK Million [+]
Government Spending 246.35 250.13 250.13 168.75 CZK Billion [+]
Government Spending to GDP 41.90 41.20 52.90 39.50 percent [+]
Government Revenues 128891.12 112314.17 171709.74 16874.00 CZK Million [+]
Government Debt 1740468.00 1734626.00 1840412.00 211777.00 CZK Million [+]
Fiscal Expenditure 151302.25 137511.09 196776.00 9364.00 CZK Million [+]
Military Expenditure 2446.00 2078.00 3166.00 1846.00 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 15.00 40.00 200.00 15.00 persons [+]

Czech Republic 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.