Government Spending in Lithuania increased to 1747.70 EUR Million in the first quarter of 2020 from 1593.60 EUR Million in the fourth quarter of 2019.

Government Spending in Lithuania averaged 1431.01 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 August of 2020.

Government Spending in Lithuania is expected to be 1468.00 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 2041.00 in 12 months time. In the long-term, the Lithuania Government Spending is projected to trend around 1578.00 EUR Million in 2021 and 1623.00 EUR Million in 2022, according to our econometric models.

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Lithuania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1747.70 1593.60 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 -68.50 19.60 517.40 -1800.50 EUR Million [+]
Government Spending 1747.70 1593.60 1747.70 1257.60 EUR Million [+]
Government Spending to GDP 34.90 34.00 50.30 33.20 percent [+]
Government Revenues 4976.40 3995.10 4976.40 1106.50 EUR Million [+]
Government Debt 19698.20 19458.80 19698.20 3249.10 EUR Million [+]
Fiscal Expenditure 5044.90 3975.50 5044.90 1164.50 EUR Million [+]
Military Expenditure 956.00 812.00 956.00 83.50 USD Million [+]
Credit Rating 75.00 [+]
Asylum Applications 5.00 0.00 110.00 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.