Government Spending in Lithuania decreased to 1479.10 EUR Million in the third quarter of 2020 from 1635.30 EUR Million in the second quarter of 2020. source: Statistics Lithuania

Government Spending in Lithuania averaged 1435.01 EUR Million from 2005 until 2020, 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 February of 2021.

Government Spending in Lithuania is expected to be 1751.00 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 1516.00 in 12 months time. In the long-term, the Lithuania Government Spending is projected to trend around 1559.00 EUR Million in 2022 and 1602.00 EUR Million in 2023, according to our econometric models.

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Lithuania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1479.10 1635.30 1747.70 1257.60 2005 - 2020 EUR Million Quarterly
Constant Prices, NSA

Lithuania Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.30 33.80 42.60 11.50 percent [+]
Government Budget 0.30 0.60 0.60 -11.80 percent of GDP [+]
Government Budget Value -925.50 -637.30 517.40 -1800.50 EUR Million [+]
Government Spending 1479.10 1635.30 1747.70 1257.60 EUR Million [+]
Government Spending to GDP 34.90 34.00 50.30 33.20 percent [+]
Government Revenues 4309.80 4438.50 4980.70 1106.50 EUR Million [+]
Government Debt 22591.80 22418.00 22591.80 3249.10 EUR Million [+]
Fiscal Expenditure 5235.30 5075.80 5235.30 1164.50 EUR Million [+]
Military Expenditure 956.00 812.00 956.00 83.50 USD Million [+]
Credit Rating 75.00 [+]
Asylum Applications 25.00 15.00 110.00 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.