Government Spending in Venezuela decreased to 1286 VEF Million in the first quarter of 2019 from 2703 VEF Million in the fourth quarter of 2018. source: Banco Central De Venezuela

Government Spending in Venezuela averaged 2099.36 VEF Million from 1998 until 2019, 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. This page provides - Venezuela Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Government Spending - values, historical data and charts - was last updated on December of 2021.

Government Spending in Venezuela is expected to be 1157.00 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 1222.00 in 12 months time. In the long-term, the Venezuela Government Spending is projected to trend around 1038.00 VEF Million in 2022 and 1059.00 VEF Million in 2023, according to our econometric models.

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Venezuela Government Spending


Related Last Previous Unit Reference
Government Spending 1286.00 2703.00 VEF Million Mar/19
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.