Government Spending in Romania increased to 2388 RON Million in the second quarter of 2020 from 2304.10 RON Million in the first quarter of 2020.

Government Spending in Romania averaged 1815.46 RON Million from 1995 until 2020, reaching an all time high of 3385.10 RON Million in the second quarter of 1995 and a record low of 528.80 RON Million in the third quarter of 1995. This page provides - Romania Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Romania is expected to be 2476.00 RON Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Romania to stand at 2550.00 in 12 months time. In the long-term, the Romania Government Spending is projected to trend around 3198.00 RON Million in 2021 and 3320.00 RON Million in 2022, according to our econometric models.

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Romania Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2388.00 2304.10 3385.10 528.80 1995 - 2020 RON Million Quarterly
Constant Prices 2000, SA

Romania Government Last Previous Highest Lowest Unit
Government Debt to GDP 35.20 34.70 39.20 6.60 percent [+]
Government Budget -4.30 -2.90 0.50 -9.10 percent of GDP [+]
Government Budget Value -54702.10 -50826.10 3486.70 -54702.10 RON Million [+]
Government Spending 2388.00 2304.10 3385.10 528.80 RON Million [+]
Government Spending to GDP 36.00 34.80 40.00 33.20 percent [+]
Government Revenues 85233.70 74415.50 152477.40 3701.40 RON Million [+]
Government Debt 358742.50 346624.20 358742.50 38469.80 RON Million [+]
Fiscal Expenditure 139935.70 125241.50 200556.60 2850.50 RON Million [+]
Credit Rating 55.00 [+]
Military Expenditure 4258.00 3622.00 8759.00 1775.00 USD Million [+]
Asylum Applications 60.00 335.00 750.00 45.00 persons [+]

Romania 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.