Government Spending in Ireland increased to 9475 EUR Million in the second quarter of 2020 from 8818 EUR Million in the first quarter of 2020.

Government Spending in Ireland averaged 6590.58 EUR Million from 1995 until 2020, reaching an all time high of 9475 EUR Million in the second quarter of 2020 and a record low of 3969 EUR Million in the fourth quarter of 1995. This page provides the latest reported value for - Ireland Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Government Spending - values, historical data and charts - was last updated on October of 2020. source: Central Statistics Office Ireland

Government Spending in Ireland is expected to be 8557.00 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 Ireland to stand at 9740.00 in 12 months time. In the long-term, the Ireland Government Spending is projected to trend around 8561.00 EUR Million in 2021 and 8869.00 EUR Million in 2022, according to our econometric models.

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Ireland Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
9475.00 8818.00 9475.00 3969.00 1995 - 2020 EUR Million Quarterly
Constant Prices 2018, SA

Ireland Government Last Previous Highest Lowest Unit
Government Debt to GDP 58.80 63.60 119.90 23.60 percent [+]
Government Budget 0.40 0.10 4.80 -32.10 percent of GDP [+]
Government Budget Value -1004.00 -2324.00 6733.00 -4927.00 EUR Million [+]
Government Spending 9475.00 8818.00 9475.00 3969.00 EUR Million [+]
Government Spending to GDP 24.80 25.30 65.10 24.80 percent [+]
Government Revenues 18134.00 13994.00 19429.00 315.40 EUR Million [+]
Government Debt 204044.00 212960.00 218539.00 36004.00 EUR Million [+]
Fiscal Expenditure 20931.00 16529.00 20931.00 410.00 EUR Million [+]
Military Expenditure 1140.00 1025.00 1231.00 244.00 USD Million [+]
Credit Rating 78.00 [+]
Asylum Applications 105.00 40.00 665.00 15.00 persons [+]

Ireland 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.