Government Spending in Turkmenistan increased to 3.90 USD Billion in 2018 from 3.80 USD Billion in 2017.

Government Spending in Turkmenistan averaged 1.84 USD Billion from 1990 until 2018, reaching an all time high of 3.90 USD Billion in 2018 and a record low of 0.65 USD Billion in 1994. This page provides - Turkmenistan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkmenistan Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Turkmenistan is expected to reach 4.04 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkmenistan Government Spending is projected to trend around 4.28 USD Billion in 2021 and 4.53 USD Billion in 2022, according to our econometric models.

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Turkmenistan Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.80 3.90 0.65 1990 - 2018 USD Billion Yearly
Constant Prices 2010, NSA

Turkmenistan Government Last Previous Highest Lowest Unit
Government Debt to GDP 29.30 28.82 64.41 2.42 percent [+]
Government Budget -0.90 -2.80 11.30 -2.80 percent of GDP [+]
Government Spending 3.90 3.80 3.90 0.65 USD Billion [+]
Credit Rating 15.00 [+]

Turkmenistan 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.