Government Spending in Venezuela increased to 2747 VEF Million in the third quarter of 2015 from 2650 VEF Million in the second quarter of 2015. Government Spending in Venezuela averaged 2068.68 VEF Million from 1998 until 2015, reaching an all time high of 3645 VEF Million in the fourth quarter of 2014 and a record low of 1069 VEF Million in the second quarter of 1999.

Government Spending in Venezuela is expected to be 2349.00 VEF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Venezuela to stand at 2335.00 in 12 months time. In the long-term, the Venezuela Government Spending is projected to trend around 1721.00 VEF Million in 2020, according to our econometric models.

Venezuela Government Spending
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Venezuela Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.00 31.40 72.30 20.30 percent [+]
Government Budget -20.00 -15.00 3.79 -20.00 percent of GDP [+]
Government Spending 2747.00 2650.00 3645.00 1069.00 VEF Million [+]
Military Expenditure 465.00 389.00 1852.00 200.00 USD Million [+]
Credit Rating 5.08 [+]


Venezuela 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. This page provides - Venezuela Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Government Spending - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2747.00 2650.00 3645.00 1069.00 1998 - 2015 VEF Million Quarterly
Constant Prices, NSA




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